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Note 3 - Stock-based Compensation | 9 Months Ended
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Sep. 30, 2019
Notes to Financial Statements |
Compensation and Employee Benefit Plans [Text Block] | NOTE 3 - STOCK-BASED COMPENSATION The Company had no nonvested stock options outstanding as of September 30, 2019 and 2018. Stock option activity during the nine months ended September 30, 2019 is as follows:
|  |  |  |  |  | Weighted- |
|  |  |  |  |  | average |
|  |  |  |  |  | Exercise Price |
|  | Shares |  |  | Per Share |
Outstanding, January 1, 2019 |  |  | 7,450 |  |  | $ | 17.55 |
Exercised |  |  | (200 | ) |  |  | 17.55 |
Outstanding, September 30, 2019 |  |  | 7,250 |  |  | $ | 17.55 |
Exercisable, September 30, 2019 |  |  | 7,250 |  |  | $ | 17.55 |
The following table presents the activity during the nine months ended September 30, 2019 related to awards of restricted stock:
|  |  |  |  |  | Weighted- |
|  |  |  |  |  | average |
|  |  |  |  |  | Grant Date Fair |
|  | Units |  |  | Value Per Unit |
Nonvested at January 1, 2019 |  |  | 21,175 |  |  | $ | 41.95 |
Granted |  |  | 14,565 |  |  |  | 41.90 |
Vested |  |  | (4,970 | ) |  |  | 32.40 |
Nonvested at September 30, 2019 |  |  | 30,770 |  |  | $ | 43.48 |
Expected to vest as of September 30, 2019 |  |  | 6,253 |  |  | $ | 39.58 |
The Company recognizes restricted stock forfeitures in the period they occur. Share-based compensation expense of $180,000 and $90,000 was recognized for the three -month periods ended September 30, 2019 and 2018, respectively. Share-based compensation expense of $270,000 and $226,000 was recognized for the nine -month periods ended September 30, 2019 and 2018, respectively. Since the shares of restricted stock are historically paid out at the vesting date in a combination of shares and cash, the Company has recorded a liability related to this plan which totals $416,000 and $351,000 at September 30, 2019 and 2018, respectively. When the shares vest, the amount distributed in shares is transferred to common stock and the remainder is distributed in cash. Total unrecognized stock compensation cost related to nonvested share-based compensation on restricted stock as of September 30, 2019 totals $354,000, of which $63,000 is estimated for the rest of 2019, $139,000 for 2020, $131,000 for 2021, and $21,000 for 2022.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + 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 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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