During the six-month period ended June 30, 2021, 1,000 stock options were granted at a price of $26.35 per share. As of June 30, 2021, there was $107,000 of total unrecognized compensation cost related to non-vested options granted in 2020 under the 2014 Equity Incentive Plan, which will be fully amortized by December 31, 2021. Compensation costs related to stock options amounted to $107,000 and $102,000 during the six-month periods ended June 30, 2021 and 2020, respectively.

A summary of the Company’s stock option activity for the six-month period ended June 30, 2021 is as follows:



		Weighted
		Average Exercise		Weighted Average		Aggregate
		Price		Remaining		Intrinsic Value
	Options	Per Share		Contractual Term		($000)
Outstanding at January 1, 2021	215,970	$	25.73	6.0	Yrs.	$	743
Granted	1,000		26.35	10.0
Exercised	(8,970)		18.91	2.4
Forfeited	(2,250)		33.72	7.7
Outstanding at June 30, 2021	205,750	$	25.94	5.7	Yrs.	$	662
Exercisable at June 30, 2021	171,000	$	25.75	4.9	Yrs.	$	662

Intrinsic value represents the amount by which the market price of the stock on the measurement date exceeded the exercise price of the option. The market price was $26.00 per share as of June 30, 2021 and $26.17 per share as of December 31, 2020.

A summary of the Company’s restricted stock activity for the six-month periods ended June 30, 2021 and 2020 is as follows:



	2021			2020
		Weighted-Average				Weighted-Average
	Number of	Grant Date		Number of	Grant Date
	Restricted Stock	Fair Value		Restricted Stock	Fair Value
Non-vested, January 1,	39,135	$	30.72	36,195	$	36.23
Granted	—		—	—		—
Vested	—		—	—		—
Forfeited	(3,900)		30.86	—		—
Non-vested, June 30,	35,235	$	30.71	36,195	$	36.23

The expected future compensation expense relating to the 35,235 shares of non-vested restricted stock outstanding as of June 30, 2021 is $914,000. This cost will be recognized over the remaining vesting period of 4.5 years. Compensation costs related to restricted stock amounted to $167,000 and $167,000 during the six-month periods ended June 30, 2021 and 2020, respectively.