Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

SHARE-BASED COMPENSATION [Abstract]

Schedule Of Stock Option Activity

The following is a summary of activity in stock options for 2018:

	Options Outstanding		Weighted Average Exercise Price Per Share
Outstanding, December 31, 2017	568,525		$	10.24
Granted	52,850		19.46
Exercised	(89,183	)	7.94
Expired	(500	)	26.40
Forfeited	(8,650	)	14.10
Outstanding, December 31, 2018	523,042		$	11.48
Exercisable, December 31, 2018	360,318		$	9.40

Schedule Of Stock Option Valuation Assumptions

For stock options granted in the two year period ended December 31, 2018, we utilized the fair value of our common stock on the date of grant and employed the following key assumptions in computing fair value using the Black-Scholes option-pricing model:

	2018	2017
Risk-free interest rates	2.70% - 2.71%	2.14% - 2.15%
Expected life in years	5.00 - 5.35	5.00 - 5.29
Expected volatility	52.79% - 53.68%	52.30% - 52.86%
Dividend yield	0.00%	0.00%
Weighted average fair value on grant date	$9.59	$7.36

Schedule Of Non-Vested Restricted Stock Activity

The following is a summary of activity in restricted shares and restricted stock units for 2018:

Non-vested restricted stock units	Shares		Weighted Average Grant Date Fair Value
Non-vested at December 31, 2017	54,212		$	14.86
Granted	32,350		18.67
Vested	(30,151	)	13.84
Forfeited	—		—
Non-vested at December 31, 2018	56,411		$	17.59

Summary Of Pre-tax Equity Based Compensation Expense

(In thousands)	2018		2017
Pre-tax share-based compensation expense	$	936	$	895
Income tax benefits related to share-based compensation	$	329	$	310