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Equity-Based Compensation Plan | 12 Months Ended
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Dec. 31, 2019
Equity-Based Compensation Plan [Abstract] |
Equity-Based Compensation Plan | NOTE 22 – EQUITY-BASED COMPENSATION PLAN The Omnibus Plan provides for equity-based compensation incentives through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, and dividend equivalents, as well as equity-based performance awards. The activit y in outstanding options for the years ended December 31, 2019, 2018, and 2017 is set forth below:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
|  |  | Weighted |  |  |  | Weighted |  |  |  | Weighted
| Number |  | Average |  | Number |  | Average |  | Number |  | Average
| Of |  | Exercise |  | Of |  | Exercise |  | Of |  | Exercise
| Options |  | Price |  | Options |  | Price |  | Options |  | Price
Beginning of year | 739,326 |  | $ | 14.28 |  | 845,619 |  | $ | 14.14 |  | 917,269 |  | $ | 14.08
Options granted | - |  |  | - |  | - |  |  | - |  | - |  |  | -
Options exercised | (105,032) |  |  | 12.32 |  | (101,268) |  |  | 13.41 |  | (71,150) |  |  | 12.96
Options forfeited | - |  |  | - |  | (5,025) |  |  | 17.08 |  | (500) |  |  | 15.23
End of year | 634,294 |  | $ | 14.60 |  | 739,326 |  | $ | 14.28 |  | 845,619 |  | $ | 14.14
The following table summarizes the range of exercise prices and the weighted average remaining contractual life of the options outstanding at December 31, 2019:
|  | Outstanding |  | Exercisable
|  |  |  |  |  |  |  | Weighted |  |  |  |  |  |
|  |  |  |  |  |  |  | Average |  |  |  |  |  |
|  |  |  |  | Weighted |  | Contract Life |  |  |  |  | Weighted
|  | Number of |  | Average |  | Remaining |  | Number of |  | Average
Range of Exercise Prices |  | Options |  | Exercise Price |  | (Years) |  | Options |  | Exercise Price
$5.63 to $8.45 |  |  | - |  |  | - |  | - |  |  | 3,532 |  |  | 8.28
11.27 to 14.08 |  |  | 233,994 |  |  | 11.88 |  | 1.5 |  |  | 313,394 |  |  | 11.81
14.09 to 16.90 |  |  | 244,625 |  |  | 15.39 |  | 3.7 |  |  | 228,625 |  |  | 15.29
16.91 to 19.71 |  |  | 155,675 |  |  | 17.00 |  | 5.2 |  |  | 78,362 |  |  | 17.44
|  |  | 634,294 |  | $ | 14.60 |  | 3.9 |  |  | 623,913 |  | $ | 13.77
Aggregate Intrinsic Value |  | $ | 5,714,603 |  |  |  |  |  |  | $ | 1,754,258 |  |  |
There were no options granted during 2019, 2018 and 2017. The average fair value of each option granted would have been estimated at the date of the grant using the Bl ack-Scholes option pricing model. The Black-Scholes option-pricing model was developed for use in estimating the fair value of traded options that have no restrictions and are fully transferable and negotiable in a free trading market. Black-Scholes does not consider the employment, transfer or vesting restrictions that are inherent in Oriental’s stock options. Use of an option valuation model, as required by GAAP, includes highly subjective assumptions based on long-term predictions, including the expected stock pric e volatility and average life of each option grant. The following table summarizes the activity in restricted units under the Omnibus Plan for the years ended December 31, 2019, 2018 and 2017:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
|  |  | Weighted |  |  |  | Weighted |  |  |  | Weighted
|  |  | Average |  |  |  | Average |  |  |  | Average
| Restricted |  | Grant Date |  | Restricted |  | Grant Date |  | Restricted |  | Grant Date
| Units |  | Fair Value |  | Units |  | Fair Value |  | Units |  | Fair Value
Beginning of year | 254,050 |  | $ | 12.50 |  | 105,800 |  | $ | 14.19 |  | 59,800 |  | $ | 16.64
Restricted units granted | 125,100 |  |  | 21.36 |  | 176,250 |  |  | 12.12 |  | 83,000 |  |  | 13.31
Restricted units lapsed | - |  |  | - |  | (24,017) |  |  | 17.12 |  | (33,100) |  |  | 16.10
Restricted units forfeited | - |  |  | - |  | (3,983) |  |  | 12.48 |  | (3,900) |  |  | 16.79
End of year | 379,150 |  | $ | 15.32 |  | 254,050 |  | $ | 12.50 |  | 105,800 |  | $ | 14.19
The total unrecognized compensation cost related to non-vested restricted units to members of management at December 31, 2019 was $2.8 million and is expected to be recognized over a weighted-average period of 1.8 years.

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