Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The assumptions used to value SARs granted during 2019 were as follows:

	5-year vesting SARs		7-year vesting SARs
Risk-free interest rate	2.43	%	2.51	%
Expected dividend yield	2.30	%	2.30	%
Expected common stock volatility	35.71	%	40.84	%
Expected life	6.5 years		7.0 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of activity in our Plans during the first nine months of 2019 and 2018 is as follows:

	For the Nine Months Ended September 30,
	2019
	Options/SARs		Aggregate Intrinsic Value (in thousands)		Remaining Contractual Term (Yrs.)	Weighted-Average Exercise Price
Outstanding, January 1	232,091					$	17.36
Granted	138,125					23.94
Exercised	(31,413	)				11.83
Forfeited	—					—
Expired	—					—
Outstanding, September 30	338,803		$	1,745	7.41	$	20.56
Exercisable, September 30	112,989		$	1,063	5.59	$	16.32

	For the Nine Months Ended September 30,
	2018
	Options/SARs		Aggregate Intrinsic Value (in thousands)		Remaining Contractual Term (Yrs.)	Weighted-Average Exercise Price
Outstanding, January 1	250,291					$	17.75
Granted	—					—
Exercised	(1,600	)				17.79
Forfeited	(3,200	)				25.5
Expired	—					—
Outstanding, September 30	245,491		$	1,645	6.62	$	17.65
Exercisable, September 30	109,324		$	898	5.55	$	15.77