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Equity Incentive Plan | 9 Months Ended
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Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Equity Incentive Plan | (12) Equity Incentive Plan At the Company’s 2014 annual meeting, the shareholders adopted the Company’s 2014 Incentive Plan (“2014 Incentive Plan”). The 2014 Incentive Plan authorizes the Company to grant options, stock awards, stock units and other awards for up to 375,000 common shares of the Company. There were 268,628 shares available for future grants under this plan at September 30, 2018. During each of the last three years, the Board of Directors has awarded restricted common shares to senior officers of the Company. The restricted shares vest ratably over a three-year period following the grant date. The product of the number of restricted shares granted and the grant date market price of the Company’s common shares determines the fair value of restricted shares under the Company’s 2014 Incentive Plan. Management recognizes compensation expense for the fair value of restricted shares on a straight-line basis over the requisite service period for the entire award. On May 16, 2017, directors of the Company’s banking subsidiary, Civista, were paid a retainer in the form of non-restricted common shares of the Company. The aggregate of 6,804 common shares were issued to Civista directors as payment of their retainer for their service on the Civista Board of Directors covering the period up to the 2018 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $144. On September 11, 2017, a newly appointed director of the Company’s banking subsidiary, Civista, was paid a retainer in the form of non-restricted common shares of the Company. The aggregate of 367 common shares was issued as payment of her retainer for her service on the Civista Board of Directors covering the period up to the 2018 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $8. On May 17, 2018, directors of the Company’s banking subsidiary, Civista, were paid a retainer in the form of non-restricted common shares of the Company. The aggregate of 6,204 common shares were issued to Civista directors as payment of their retainer for their service on the Civista Board of Directors covering the period up to the 2019 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $144. Finally, on September 25, 2018, newly appointed directors of the Company’s banking subsidiary, Civista, were paid a retainer on the form of non-restricted common shares of the Company. The aggregate of 867 common shares were issued for their service on the Civista Board of Directors covering the period up to the 2019 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $21. No options had been granted under the 2014 Incentive Plan as of September 30, 2018 and 2017. The Company classifies share-based compensation for employees with “Compensation expense” in the Consolidated Statements of Operations. The following is a summary of the status of the Company’s restricted shares and changes therein for the three- and nine-month periods ended September 30, 2018:
|  | Three months ended |  |  | Nine Months Ended |
|  | September 30, 2018 |  |  | September 30, 2018 |
|  | Number of Restricted Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Restricted Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested at beginning of period |  |  | 40,692 |  |  | $ | 19.11 |  |  |  | 42,138 |  |  | $ | 15.60 |
Granted |  |  | — |  |  |  | — |  |  |  | 16,510 |  |  |  | 22.51 |
Vested |  |  | — |  |  |  | — |  |  |  | (17,956 | ) |  |  | 14.01 |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Nonvested at end of period |  |  | 40,692 |  |  | $ | 19.11 |  |  |  | 40,692 |  |  | $ | 19.11 |
The following is a summary of the status of the Company’s awarded restricted shares as of September 30, 2018:
At September 30, 2018 |
Date of Award |  | Shares |  |  | Remaining Expense |  |  | Remaining Vesting Period (Years) |
January 15, 2016 |  |  | 6,160 |  |  | $ | 48 |  |  |  | 2.25 |
March 11, 2016 |  |  | 5,256 |  |  |  | 8 |  |  |  | 0.25 |
March 20, 2017 |  |  | 7,814 |  |  |  | 67 |  |  |  | 1.25 |
March 20, 2017 |  |  | 4,952 |  |  |  | 85 |  |  |  | 3.25 |
April 10, 2018 |  |  | 8,294 |  |  |  | 125 |  |  |  | 2.25 |
April 10, 2018 |  |  | 8,216 |  |  |  | 153 |  |  |  | 4.25 |
|  |  | 40,692 |  |  | $ | 486 |  |  |  | 2.33 |
During the three months ended September 30, 2018, the Company recorded $71 of share-based compensation expense and $21 of director retainer fees for shares granted under the 2014 Incentive Plan. During the nine months ended September 30, 2018, the Company recorded $200 of share-based compensation expense and $165 of director retainer fees for shares granted under the 2014 Incentive Plan. At September 30, 2018, the total compensation cost related to unvested awards not yet recognized is $486, which is expected to be recognized over the weighted average remaining life of the grants of 2.33 years.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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