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Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
2005 Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock-based Compensation Stock Options Activity

A summary of the transactions under the 2005 Plan for the three months ended March 31, 2021 is as follows:

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Number of

 

 

Average

 

 

Aggregate

 

 

 

Options

 

 

Exercise

 

 

Intrinsic

 

 

 

Outstanding

 

 

Price

 

 

Value

 

 

 

(Dollars in thousands, except per share data)

 

Outstanding, as of January 1, 2021

 

 

100,000

 

 

$

5.77

 

 

 

 

 

Options granted

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(30,000

)

 

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

 

 

 

 

Outstanding, as of March 31, 2021

 

 

70,000

 

 

 

6.30

 

 

$

295

 

Fully vested and expected to vest

 

 

70,000

 

 

 

6.30

 

 

$

295

 

Vested

 

 

70,000

 

 

$

6.30

 

 

$

295

 

Summary of Information Related to Stock Option Plan

Information related to the 2005 Plan for the periods indicated is as follows:

 

 

 

Three Months Ended March 31,

 

 

 

 

2021

 

 

 

2020

 

 

 

(Dollars in thousands)

 

Intrinsic value of options exercised

 

$

132

 

 

$

370

 

Cash received from option exercises

 

 

 

 

 

63

 

Tax benefit realized from option exercised

 

 

20

 

 

 

17

 

2010 Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock-based Compensation Stock Options Activity

A summary of stock options outstanding under the 2010 Plan for the three months ended March 31, 2021 is as follows:

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Number of

 

 

Average

 

 

Aggregate

 

 

 

Options

 

 

Exercise

 

 

Intrinsic

 

 

 

Outstanding

 

 

Price

 

 

Value

 

 

 

(Dollars in thousands, except per share data)

 

Outstanding, as of January 1, 2021

 

 

220,000

 

 

$

7.75

 

 

 

 

 

Options granted

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(10,000

)

 

 

2.53

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

 

 

 

 

Outstanding, as of March 31, 2021

 

 

210,000

 

 

 

8.00

 

 

$

529

 

Fully vested and expected to vest

 

 

202,500

 

 

 

8.00

 

 

$

510

 

Vested

 

 

180,000

 

 

$

8.00

 

 

$

454

 

Summary of Information Related to Stock Option Plan

Information related to stock options exercised under the 2010 Plan for the periods indicated is as follows:

 

 

 

Three Months Ended March 31,

 

 

 

 

2021

 

 

 

2020

 

 

 

(Dollars in thousands)

 

Intrinsic value of options exercised

 

$

86

 

 

$

519

 

Cash received from option exercises

 

 

25

 

 

 

242

 

Tax benefit realized from option exercised

 

 

 

 

 

134

 

Summary of Changes in Non-vested Restricted Stock Awards

A summary of the changes in the Company’s non-vested restricted stock awards under the 2010 Plan for the three months ended March 31, 2021 is as follows:

 

 

 

Shares

Issued

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

 

 

(Dollars in thousands, except share data)

 

Non-vested, as of January 1, 2021

 

 

154,500

 

 

$

11.66

 

 

 

 

 

Awards granted

 

 

 

 

 

 

 

 

 

 

Awards vested

 

 

 

 

 

 

 

 

 

 

Awards forfeited

 

 

 

 

 

 

 

 

 

 

Non-vested, as of March 31, 2021

 

 

154,500

 

 

$

11.66

 

 

$

1,625