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Equity Incentive Plan | 12 Months Ended
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Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Equity Incentive Plan | NOTE 16 - 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 240,001 shares available for grants under this plan at December 31, 2019. No options had been granted under the 2014 Incentive Plan as of December 31, 2019 and 2018. In recent 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. During the twelve months ended December 31, 2019, 2018 and 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 common shares of 8,946, 7,071 and 7,171, respectively were issued to Civista directors as payment of their retainer for their service on the Civista Board of Directors. The issuances were expensed in their entirety when the shares were issued in the amounts of $196, $165 and $152, respectively. The Company includes share-based compensation for employees as “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 during the twelve months ended December 31, 2019:
|  | December 31, 2019 |
|  | Number of Restricted Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested at beginning of period |  |  | 39,970 |  |  | $ | 19.10 |
Granted |  |  | 21,106 |  |  |  | 20.65 |
Vested |  |  | (16,557 | ) |  |  | 17.31 |
Forfeited |  |  | (492 | ) |  |  | 22.41 |
Nonvested at end of period |  |  | 44,027 |  |  |  | 20.48 |
NOTE 16 - EQUITY INCENTIVE PLAN (Continued) The following is a summary of the status of the Company’s awarded restricted shares as of December 31, 2019:
At December 31, 2019 |
Date of Award |  | Shares |  |  | Remaining Expense |  |  | Remaining Vesting Period (Years) |
January 15, 2016 |  |  | 4,108 |  |  | $ | 21 |  |  |  | 1.00 |
March 20, 2017 |  |  | 3,725 |  |  |  | — |  |  |  | 0.00 |
March 20, 2017 |  |  | 3,581 |  |  |  | 49 |  |  |  | 2.00 |
April 10, 2018 |  |  | 5,282 |  |  |  | 47 |  |  |  | 1.00 |
April 10, 2018 |  |  | 6,225 |  |  |  | 93 |  |  |  | 3.00 |
March 14, 2019 |  |  | 10,188 |  |  |  | 130 |  |  |  | 2.00 |
March 14, 2019 |  |  | 10,918 |  |  |  | 158 |  |  |  | 4.00 |
|  |  | 44,027 |  |  | $ | 498 |  |  |  | 2.25 |
During the twelve months ended December 31, 2019, 2018 and 2017, the Company recorded share-based compensation expense of $335, $263 and $274, respectively and director retainer fees of $196, $165 and $152, respectively, for shares granted under the 2014 Incentive Plan. At December 31, 2019, the total compensation cost related to unvested awards not yet recognized is $498, which is expected to be recognized over the weighted average remaining life of the grants of 2.25 years.

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- Definition The entire disclosure for share-based payment arrangement. + 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 + Details
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