Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Stock Options Transactions and Changes

A summary of stock option transactions for the year ended December 31, 2018  is presented below:

	2019				2018
	Number of Options		Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
Stock Options
Outstanding at beginning of year		—	$	—		16,377		$	29.21
Granted		—		—		—			—
Forfeited		—		—		—			—
Expired		—		—		(2,600	)		29.21
Exercised		—		—		(13,777	)		29.21
Outstanding at end of year		—	$	—		—		$	—
Exercisable at end of year		—	$	—		—		$	—

Summary of Non-vested Restricted Shares Outstanding

A summary of restricted stock transactions for the periods of December 31, 2019 and 2018, and changes during the years ended on those dates, is presented below

	2019					2018
	Number of Shares			Weighted Average Grant Value		Number of Shares			Weighted Average Grant Value
Restricted stock
Non-vested at beginning of year		41,311		$	65.10		43,240		$	53.13
Granted		11,330			75.67		17,373			80.43
Vested		(14,642	)		60.55		(15,760	)		50.10
Forfeited		(1,878	)		65.33		(3,542	)		60.84
Non-vested at end of year		36,121		$	70.25		41,311		$	65.10

Schedule of Amounts Recognized in Consolidated Income Statement for Restricted Stock Awards, Time Based Restricted Stock Units and Performance Based Restricted Stock Units

The following table presents the amounts recognized in the consolidated income statement for restricted stock awards, time-based restricted stock units, and performance-based restricted stock units:

	December 31,
	2019		2018		2017
	(dollars in thousands)
Share-based compensation expense	$	2,632	$	2,592	$	1,045
Related income tax benefit	$	733	$	729	$	427

Performance-Based Restricted Stock Units

Summary of Non-vested Restricted Stock Units Outstanding

A summary of non-vested performance-based restricted stock units outstanding as of December 31, 2019 and 2018, and changes during the years ended on those dates, is presented below

	2019					2018
	Number of Units			Weighted Average Grant Value		Number of Units			Weighted Average Grant Value
Performance-based restricted stock units
Non-vested at beginning of year		41,411		$	66.39		21,613		$	56.05
Granted		28,542			73.00		23,511			76.56
Vested (Performance achieved)		(12,697	)		46.00		—			—
Forfeited		—			—		(3,713	)		70.68
Expired (Performance not achieved)		—			—		—			—
Non-vested at end of year		57,256		$	72.82		41,411		$	66.39

Time Based Restricted Stock Units

Summary of Non-vested Restricted Stock Units Outstanding

A summary of nonvested time based restricted stock units outstanding as of December 31, 2019 and 2018, and changes during the years ended on those dates, is presented below:

	2019					2018
	Number of Shares			Weighted Average Grant Value		Number of Shares			Weighted Average Grant Value
Time-based restricted stock units
Non-vested at beginning of year		6,777		$	76.56		—		$	—
Granted		8,132			73.00		7,839			76.56
Vested		(2,251	)		76.56		(225	)		76.56
Forfeited		—			—		(837	)		76.56
Non-vested at end of year		12,658		$	74.27		6,777		$	76.56