STOCK COMPENSATION

9 Months Ended

Sep. 30, 2019

Compensation Related Costs [Abstract]

STOCK COMPENSATION

The fair value of restricted stock awards is estimated to be the market price of the Company's common stock at the close of the date of grant. Restricted stock activity during the nine months ended September 30, 2019 is as follows:

	Number of Shares			Weighted Average Grant Date Fair Value per Share
Balance, December 31, 2018		69,500		$	5.19
Granted		2,000			7.43
Vested		(21,667	)		(5.63	)
Forfeited		—			—
Non-vested, end of period		49,833		$	5.15

Awards are amortized to expense ratably, on an annual basis, over a three year vesting term, except one grant in January 2019 for 2,000 shares of restricted stock, and one grant in January 2018 for 2,500 shares of restricted stock, which both vested upon grant. There was stock compensation expense of approximately $223 for the nine months ended September 30, 2019 and $256 for the nine months ended September 30, 2018. The total unrecognized compensation cost as of September 30, 2019 related to the non-vested restricted stock is approximately $64.