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Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Company's Restricted Stock Activity
The following is a summary of the Company’s RSU activity during the nine months ended September 30, 2019:
 
Number of
Shares
 
Weighted
Average
Price
Outstanding, January 1, 2019
299,347

 
$
16.60

Granted
141,059

 
16.62

Vested
(107,396
)
 
12.20

Forfeited
(7,565
)
 
17.86

Outstanding, September 30, 2019
325,445

 
$
18.03


The following is a summary of the Company’s restricted stock activity during the nine months ended September 30, 2019:
 
Number of
Shares
 
Weighted
Average
Price
Outstanding, January 1, 2019
11,701

 
$
20.18

Granted
13,052

 
15.96

Vested
(11,643
)
 
20.24

Forfeited
—

 
—

Outstanding, September 30, 2019
13,110

 
$
15.93
Option Activity under the Company's Stock Option Plans
There were no grants of stock options in the first nine months of 2019 or 2018. Option activity under the Company’s stock option plans is as follows:
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value
Outstanding, January 1, 2019
67,488

 
$
8.28

 
2.86
 
$
440,483

Granted
—

 
—

 
 
 
 
Exercised
(34,727
)
 
8.84

 
 
 
 
Forfeited
—

 
—

 
 
 
 
Expired
—

 
—

 
 
 
 
Outstanding, September 30, 2019
32,761

 
$
7.70

 
0.81
 
$
253,314

Options exercisable at September 30, 2019
32,761

 
$
7.70

 
0.81
 
$
253,314