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Note 3 - Stock-based Compensation
 6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Compensation and Employee Benefit Plans [Text Block]
NOTE
3
- STOCK-BASED COMPENSATION
 
The Company had
no
unvested stock options outstanding as of
June 30, 2018
and
2017.
 
Stock option activity during the
six
months ended
June 30
is as follows:
 
           
Weighted-
  
           
average
  
   
Shares
    
Exercise Price
  
   
2018
    
Per Share
  
                 
Outstanding, January 1
    
19,750
     $
20.94
  
Exercised
    
(6,000
 )    
23.00
  
                 
Outstanding, June 30
    
13,750
     $
20.05
  
                 
Exercisable, June 30
    
13,750
     $
20.05
  
 
The following table presents the activity during the
six
months ended
June 30, 2018
related to awards of restricted stock:
 
           
Weighted-
  
           
average
  
           
Grant Date Fair
  
   
Shares
    
Value Per Share
  
                 
Nonvested at January 1, 2018
    
14,601
     $
35.14
  
Granted
    
9,952
      
48.20
  
Forfeited
    
(223
 )    
35.31
  
Vested
    
(3,905
 )    
33.61
  
Nonvested at June 30, 2018
    
20,425
     $
41.80
  
                 
Expected to vest at June 30, 2018
    
10,473
     $
35.71
  
 
The Company recognizes restricted stock forfeitures in the period they occur.
 
Share-based compensation expense of
$91,000
and
$45,000
was recognized for the
three
-month periods ended
June 30, 2018
and
2017,
respectively. Share-based compensation expense of
$136,000
and
$90,000
was recognized for the
six
-month periods ended
June 30, 2018
and
2017,
respectively.
 
The expected remaining compensation expense that will be recognized on restricted stock totals
$141,000,
of which
$70,000
will be recognized in
2018
and
$71,000
will be recognized in
2019.