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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Stock-Based Compensation [Abstract]

Schedule of Stock-Based Compensation

The following tables provide information on stock-based compensation expense for the three months ended March 31, 2017 and 2016.




		For the Three Months Ended
		March 31,
(Dollars in thousands)		2017			2016
Stock-based compensation expense		$	418		$	111
Excess tax benefits related to stock-based
compensation			2			3




		March 31,
(Dollars in thousands)		2017				2016
Unrecognized stock-based compensation
expense		$	345			$	70
Weighted average period unrecognized
expense is expected to be recognized			0.1	years			0.6	years



Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table summarizes restricted stock award activity for the Company under the 2016 Equity Plan for the three months ended March 31, 2017 and 2016.




		Three Months Ended March 31, 2017					Three Months Ended March 31, 2016
				Weighted Average					Weighted Average
		Number of		Grant Date			Number of		Grant Date
		Shares		Fair Value			Shares		Fair Value
Nonvested at beginning of period		17,066		$	11.46		12,488		$	8.74
Granted		7,378			16.44		8,524			11.16
Vested		(8,138)			13.92		(13,467)			9.49
Cancelled		-			-		-			-
Nonvested at end of period		16,306		$	12.49		7,545		$	10.16





Schedule of Share-based Compensation, Restricted Stock Award Activity

The following table summarizes restricted stock units activity for the Company under the 2016 and 2006 Equity Plans for the three months ended March 31, 2017 and 2016.






		Three Months Ended March 31, 2017					Three Months Ended March 31, 2016
				Weighted Average					Weighted Average
		Number of		Grant Date			Number of		Grant Date
		Shares		Fair Value			Shares		Fair Value
Outstanding at beginning of period		46,342		$	10.64		-		$	-
Granted		-			-		26,943			9.49
Vested		-			-		-			-
Forfeited		-			-		-			-
Outstanding at end of period		46,342		$	10.64		26,943		$	9.49



Schedule of Share-based Compensation, Stock Options Activity

The following table summarizes stock option activity for the Company under the 2016 Equity Plan for the three months ended March 31, 2017 and 2016.






		Three Months Ended March 31, 2017					Three Months Ended March 31, 2016
				Weighted Average					Weighted Average
		Number of		Grant Date			Number of		Grant Date
		Shares		Fair Value			Shares		Fair Value
Outstanding at beginning of period		62,086		$	8.29		61,327		$	8.05
Granted		1,202			10.99		12,443			11.12
Exercised		(859)			6.64		(450)			6.64
Expired/Cancelled		-			-		-			-
Outstanding at end of period		62,429		$	8.36		73,320		$	8.58

Exercisable at end of period		61,828		$	8.34		67,099		$	8.35



Schedule of Share-based Payment Award, Stock Option Valuation Assumptions

The following weighted average assumptions were used as inputs to the Black-Scholes valuation model for options granted in 2017 and 2016.








		2017			2016
Dividend yield		0.84	%		0.73	%
Expected volatility		64.80	%		38.60	%
Expected forfeiture rate		-	%		-	%
Risk-free interest rate		2.42	%		1.75	%
Expected contract life (in years)		10 years			10 years



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Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

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-Publisher FASB
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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