Equity Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2020

Equity Incentive Plan

Schedule of stock option activity

		Weighted
		Average
	Options	Exercise Price
Options outstanding at January 1, 2020	145,825	$	12.46
Granted	—		—
Exercised	—		—
Forfeited	—		—
Expired	—		—
Options outstanding at March 31, 2020	145,825	$	12.46

Schedule of stock option fair value assumptions

	Stock Options			Stock Options
	Granted			Granted
	August 16, 2018			September 18, 2018
Expected volatility		12.44	%		11.94	%
Risk-free interest rate		2.87	%		3.05	%
Expected dividend yield		—	%		—	%
Expected life (in years)		10			10
Exercise price for the stock options	$	12.48		$	12.45

Schedule of restricted share activity

		Weighted Average
	Restricted	Fair Value at
	Stock Awards	Grant Date
Non-vested at January 1, 2020	53,692	$	12.46
Granted	—		—
Vested	—		—
Forfeited	—		—
Non-vested at March 31, 2020	53,692	$	12.46