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Common Stock (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Compensation Expense and Related Tax Benefits for Restricted Stock Awards Recognized

Share-based compensation expense relating to restricted stock is recognized on a straight-line basis over the vesting periods of the awards and is a component of salaries and benefits expense.  Restricted shares granted to employees vest in equal amounts on the anniversary of the grant date over a four year vesting period.  Restricted shares granted to directors have a twelve month vesting period.  The following table presents compensation expense and related tax benefits for restricted stock awards recognized on the consolidated statement of income.

 

(Dollars in thousands)

 

2017

 

 

2016

 

 

2015

 

Compensation expense

 

$

145

 

 

$

53

 

 

$

28

 

Tax benefit

 

 

(49

)

 

 

(18

)

 

 

(10

)

Net income effect

 

$

96

 

 

$

35

 

 

$

18

 

 

Schedule of Non-Vested Restricted Stock

The following table presents information regarding the non-vested restricted stock for the year ended December 31, 2017.

 

 

 

Shares

 

 

Weighted-Average Grant Date Fair Value

 

Non-vested at January 1, 2017

 

 

13,055

 

 

$

17.66

 

Vested

 

 

(3,996

)

 

 

17.38

 

Cancelled

 

 

 

 

 

 

Granted

 

 

10,440

 

 

 

26.65

 

Non-vested at December 31, 2017

 

 

19,499

 

 

 

22.54