Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

Summarization of outstanding and exercisable options

The following tables below summarize option activity and outstanding and exercisable options at and for the years ended December 31, 2017 and 2016. respectively.


		Weighted		Weighted-Average
		Average	Aggregate	Contractual Life
		Exercise	Intrinsic	Remaining In
(dollars in thousands, except per share amounts)	Shares	Price	Value	Years

Outstanding at January 1, 2017	15,081	$ 27.70	$ -
Exercised	(14,231)	27.70	134
Expired	(350)	27.70	-
Forfeited	(500)	27.70	-

Outstanding at December 31, 2017	-	$ -	$ -	-

Exercisable at December 31, 2017	-	$ -	$ -	-


		Weighted		Weighted-Average
		Average	Aggregate	Contractual Life
		Exercise	Intrinsic	Remaining In
(dollars in thousands, except per share amounts)	Shares	Price	Value	Years

Outstanding at January 1, 2016	21,211	$ 27.70	$ -
Forfeited	(6,130)	27.70

Outstanding at December 31, 2016	15,081	$ 27.70	$ 20	0.5

Exercisable at December 31, 2016	15,081	$ 27.70	$ 20	0.5

Summary of the unvested restricted stock awards outstanding

The Company has outstanding restricted stock in accordance with the Plan. As of December 31, 2017 and 2016, unrecognized stock compensation expense was $521,000 and $810,000, respectively. The following tables summarize the unvested restricted stock awards outstanding at December 31, 2017 and 2016, respectively.


	Restricted Stock

	Number of Shares	Weighted Average Grant Date Fair Value

Nonvested at January 1, 2017	47,881	$ 20.41
Granted	6,752	30.20
Vested	(21,738)	20.13
Cancelled	(86)	20.75

Nonvested at December 31, 2017	32,809	$ 22.61


	Restricted Stock
	Number of Shares	Weighted Average Grant Date Fair Value

Nonvested at January 1, 2016	37,048	$ 19.83
Granted	27,403	21.00
Vested	(15,912)	20.09
Cancelled	(658)	20.31

Nonvested at December 31, 2016	47,881	$ 20.41