Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

Defined Benefit Plan Disclosure [Line Items]

Compensation Expense and Related Tax Benefits for Restricted Stock

The following table presents compensation expense and related tax benefits for restricted stock awards recognized on the consolidated statement of income.

(Dollars in thousands)
	2020		2019
Compensation expense	$	128	$	109
Tax benefit		(27)		(23)
Net income effect	$	101	$	86

Summary of Non-Vested Restricted Shares Activity

The following table presents a summary of non-vested restricted shares activity for 2020.

		Weighted
		Average
		Grant Date
	Shares	Fair Value
Non-vested at January 1, 2020	15,360	$	19.54
Vested	(4,150)		18.52
Cancelled	—		—
Forfeited	(565)		19.25
Granted	9,530		19.25
Non-vested at December 31, 2020	20,175		19.62

Schedule of Stock Options Activity

A summary of the status of the outstanding stock options as of December 31, 2020 and 2019, and changes during the years ending on those dates is presented below:

	2020			2019
		Weighted			Weighted
		Average			Average
		Exercise			Exercise
	Shares	Price		Shares	Price
Outstanding at beginning of year	93,147	$	17.78	113,756	$	17.76
Granted	—		—	—		—
Exercised	—		—	(20,609)		17.66
Forfeited	(11,600)		17.78	—		—
Outstanding at end of year	81,547	$	17.78	93,147	$	17.78
Options exercisable at year-end	81,547			92,147
Weighted-average fair value of options granted during the year		$	—		$	—
Intrinsic value of options exercised during the year		$	—		$	43,135
Intrinsic value of options cancelled during the year		$	18,222
Intrinsic value of options outstanding and exercisable at December 31, 2020		$	496

JVB Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Funded Status

The measurement date for the JVB Plan is December 31. Information pertaining to the activity in the defined benefit plan was as follows:

(Dollars in thousands)	Year Ended
	December 31, 2019
Change in projected benefit obligation ("PBO")
PBO at beginning of year	$	12,555
Interest cost		299
Change in assumptions		1,477
Actuarial loss		(1,326)
Group annuity purchase		(9,021)
Settlement payments		(3,569)
Benefits paid		(415)
PBO at end of period	$	—
Change in plan assets
Fair value of plan assets at beginning of year	$	12,182
Actual return on plan assets, net of expenses		1,254
Employer contribution		—
Group annuity purchase		(9,021)
Settlement payments		(3,569)
Benefits paid		(415)
Benefits transferred to 401(k) Plan		(431)
Fair value of plan assets at end of period	$	—
Funded status, included in other (liabilities) assets	$	—
Amounts recognized in accumulated comprehensive loss before income taxes consist of:
Unrecognized actual loss	$	—
Accumulated benefit obligation	$	—

Components of Net Periodic Pension Cost

Pension expense for the JVB Plan included the following components for the years ended December 31:

	Year Ended
(Dollars in thousands)	December 31,
	2019
Components of net periodic pension cost:
Interest cost	$	299
Expected return on plan assets		(182)
Recognized net actuarial loss		1,277
Net periodic pension cost		1,394
Total recognized in other comprehensive income		(2,197)
Total recognized in net periodic pension cost and other comprehensive income	$	(803)