Share-based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Compensation Plans

Impact of the Company’s Share-Based Payment Plans in the Financial Statements

The following table summarizes the impact of the Company’s share-based payment plans in the financial statements for the period shown:

	Six Months Ended
	June 30,
	2020		2019
Total cost of stock grant plan during the year	$	102	$	93
Total cost of stock option plan during the year		76		66
Total cost of share-based payment plans during the year	$	178	$	159
Amount of related income tax benefit recognized in income	$	48	$	44

Summary Stock Options Activity

The following table summarizes stock options activity for the six months ended June 30, 2020:

	Outstanding						Nonvested
				Weighted
		Weighted		Average				Weighted
		Average		Remaining	Aggregate			Average
	Stock Option	Exercise		Contractual	Intrinsic		Number of	Grant Date Fair
	Awards	Price		Term (years)	Value		Options	Value
Balance at December 31, 2019	260,510	$	9.20				215,450	$	2.83
Granted	46,716		9.10				46,716		2.38
Vested	—		—				—		—
Exercised	—		—				—		—
Forfeited	—		—				—		—
Balance at June 30, 2020	307,226	$	9.18	8.72	$	—	262,166	$	2.75
Exercisable as of June 30, 2020	52,098	$	9.19	8.51	$	—

Summary of Changes in Restricted Shares

The following is a summary of changes in restricted shares for the three months ended June 30, 2020:

		Weighted
		Average
	Number of	Grant Date Fair
	Shares	Value
Nonvested stock awards as of December 31, 2019	90,790	$	9.20
Granted	2,500		9.10
Vested	—		—
Forfeited	—		—
Nonvested stock awards as of June 30, 2020	93,290	$	9.20