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Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes information about restricted stock unit activity for the period ended September 30, 2019.
 
 
 
 
Restricted Stock Units
Weighted Average Grant Date Fair Value
Non-vested at January 1, 2019
3,478

$
31.62

Granted
4,018

30.79

Non-vested at September 30, 2019
7,496

31.17

 
 
 
The following table summarizes information about stock option activity for the year to date period ended September 30, 2019.

 
Shares
Weighted Average Exercise Price
 
 
 
Outstanding at January 1, 2019
293,058

$
24.92

Granted
53,560

30.79

Exercised
(79,069
)
20.72

Forfeited
(12,078
)
24.39

Outstanding at September 30, 2019
255,471

27.40

Vested at Period-End
135,002

24.43

Expected to Vest
120,469

30.72

 
 
 
Stock Options Granted
 
 
Weighted Average Grant Date Information:
 
 
Fair Value of Options Granted
$
5.58

 
Fair Value Assumptions:
 
 
Dividend Yield
3.26
%
 
Expected Volatility
22.58
%
 
Risk Free Interest Rate
2.63
%
 
Expected Lives (in years)
8.68

 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table presents information on the amounts expensed related to restricted stock units for the periods ended September 30, 2019 and 2018:
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Amount expensed
 
$
19

 
$
9

 
$
55

 
$
24


The following table presents information on the amounts expensed related to stock options for the periods ended September 30, 2019 and 2018:
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Amount expensed
 
$
79

 
$
80

 
$
237

 
$
243