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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2018
Employee Benefits and Share-based Compensation, Noncash [Abstract]  
Employee Stock Ownership Plan (ESOP) Disclosures
The ESOP shares as of December 31 are as follows:

ESOP Shares
At December 31,
 
2018
 
2017
Allocated shares
481,459

 
441,654

Shares committed to be released
19,780

 
39,805

Unallocated shares
86,954

 
106,734

Total ESOP shares
588,193

 
588,193

 
 
 
 
Market value of unallocated shares (in thousands)
$
1,679

 
$
2,809

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
Risk-free interest rate
2.24
%
2.16
%
Expected dividend yield
1.45
%
1.45
%
Expected common stock volatility
59.60
%
60.05
%
Expected life
7 years

6.5 years

Schedule of Stock Options, Activity
A summary of activity in our Plans during 2016, 2017 and 2018 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, 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

 
 
 
 
 
$
17.75

Granted

 
 
 
 
 

Exercised
(6,800
)
 
 
 
 
 
17.79

Forfeited
(3,200
)
 
 
 
 
 
25.50

Expired
(8,200
)
 
 
 
 
 
25.54

Outstanding, December 31, 2018
232,091

 
$
1,070

 
6.74
 
$
17.36

 
 
 
 
 
 
 
 
Exercisable Options/SARs:
 

 
 
 
 
 
 

December 31, 2018
95,924

 
$
583

 
6.04
 
$
14.82

December 31, 2017
62,646

 
687

 
4.92
 
$
15.35

December 31, 2016
84,483

 
974

 
4.73
 
$
16.00