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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2017
Employee Benefits and Share-based Compensation [Abstract]  
Employee Stock Ownership Plan (ESOP) Disclosures
The ESOP shares as of December 31 are as follows:

ESOP Shares
At December 31,
 
2017
 
2016
Allocated shares
441,654

 
406,371

Shares committed to be released
39,805

 
35,283

Unallocated shares
106,734

 
146,539

Total ESOP shares
588,193

 
588,193

 
 
 
 
Market value of unallocated shares (in thousands)
$
2,809

 
$
4,034

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The assumptions used to value SARs are as follows:
 
2017 grant with 7 year expiration
2017 grant with 5 year expiration
2015 grant
Risk-free interest rate
2.24
%
2.16
%
1.96
%
Expected dividend yield
1.45
%
1.45
%
2.75
%
Expected common stock volatility
59.60
%
60.05
%
61.84
%
Expected life
7 years

6.5 years

10 years

Schedule of Stock Options, Activity
A summary of activity in our Plans during 2015, 2016 and 2017 is as follows:
 
 
 
 
 
Weighted Average
Dollars in thousands, except per share amounts
Options / SARs
 
Aggregate
Intrinsic Value
 
Remaining Contractual Term (Yrs.)
 

Exercise Price
Outstanding, December 31, 2014
157,170

 
 
 
 
 
$
20.43

Granted
166,717

 
 
 
 
 
12.01

Exercised
(6,560
)
 
 
 
 
 
7.87

Forfeited

 
 
 
 
 

Expired
(73,180
)
 
 
 
 
 
23.67

Outstanding, December 31, 2015
244,147

 
 
 
 
 
$
14.05

Granted

 
 
 
 
 

Exercised
(24,740
)
 
 
 
 
 
18.08

Forfeited

 
 
 
 
 

Expired
(1,550
)
 
 
 
 
 
18.79

Outstanding, December 31, 2016
217,857

 
 
 
 
 
$
13.56

Granted
87,615

 
 
 
 
 
26.01

Exercised
(51,781
)
 
 
 
 
 
13.62

Forfeited

 
 
 
 
 

Expired
(3,400
)
 
 
 
 
 
24.97

Outstanding, December 31, 2017
250,291

 
$
2,146

 
7.34
 
$
17.75

 
 
 
 
 
 
 
 
Exercisable Options/SARs:
 

 
 
 
 
 
 

December 31, 2017
62,646

 
$
687

 
4.92
 
$
15.35

December 31, 2016
84,483

 
974

 
4.73
 
$
16.00

December 31, 2015
77,430

 
103

 
2.62
 
$
18.43