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Note 13 - Stock Option Plan (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

Stock option activity during 2021, 2020, and 2019 was as follows:

 

 

 

Number

of options

 

 

Weighted

average

exercise price

 

 

Weighted average

remaining

contractual term

(in years)

 

 

Aggregate

intrinsic value

 

Outstanding at December 31, 2018

 

 

95,075

 

 

 

35.11

 

 

 

 

 

 

 

 

 

Exercised

 

 

(14,925

)

 

 

27.16

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(1,500

)

 

 

37.20

 

 

 

 

 

 

 

 

 

Granted

 

 

24,700

 

 

 

38.15

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

103,350

 

 

 

36.96

 

 

 

 

 

 

 

 

 

Exercised

 

 

(9,550

)

 

 

29.39

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(2,250

)

 

 

39.86

 

 

 

 

 

 

 

 

 

Granted

 

 

25,000

 

 

 

36.50

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

116,550

 

 

 

37.42

 

 

 

 

 

 

 

 

 

Exercised

 

 

(19,025

)

 

 

30.97

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(8,575

)

 

 

35.27

 

 

 

 

 

 

 

 

 

Granted

 

 

25,000

 

 

 

32.50

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

113,950

 

 

$

37.58

 

 

 

2.20

 

 

$

84

 

Exercisable at December 31, 2021

 

 

43,125

 

 

$

40.72

 

 

 

0.65

 

 

$

 

Outstanding Stock Options

As of December 31, 2021, outstanding stock options consist of the following:

 

 

 

Options

outstanding

 

 

Exercise

price

 

 

Remaining life

(in years)

 

 

Options

exercisable

 

 

Exercise

price

 

 

 

 

24,000

 

 

$

32.50

 

 

 

4.13

 

 

 

 

 

$

 

 

 

 

24,200

 

 

 

36.50

 

 

 

3.13

 

 

 

 

 

 

 

 

 

 

20,700

 

 

 

37.60

 

 

 

0.13

 

 

 

20,700

 

 

 

37.60

 

 

 

 

22,625

 

 

 

38.15

 

 

 

2.13

 

 

 

 

 

 

 

 

 

 

22,425

 

 

 

43.60

 

 

 

1.14

 

 

 

22,425

 

 

 

43.60

 

Outstanding at December 31, 2021

 

 

113,950

 

 

$

37.58

 

 

 

2.20

 

 

 

43,125

 

 

$

40.72

 

Intrinsic Value Related to Stock Options Exercised

The intrinsic value related to total stock options exercised during 2021, 2020, and 2019 are as follows:

 

 

 

2021

 

 

2020

 

 

2019

 

Intrinsic value of stock options exercised

 

$

31

 

 

$

81

 

 

$

153