Stock Compensation

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

(12) Stock Compensation

The Company has one equity compensation plan for its employees pursuant to which options were granted.

The following table summarizes the Company’s stock option activity:

	Number of shares December 31						Weighted average exercise price December 31									Weighted average Contractual Term (in years)						Aggregate Intrinsic Value ($000)
	2017		2016		2015		2017			2016			2015			2017		2016		2015		2017			2016			2015
Outstanding, beginning of year		46,244		67,893		108,596		$	19.33		$	19.88		$	19.19
Granted		0		0		0			0.00			0.00			0.00
Exercised		0		0		0			0.00			0.00			0.00
Forfeited or expired		(26,141)		(21,649)		(40,703)			22.84			21.04			20.01
Outstanding, end of year		20,103		46,244		67,893		$	14.77		$	19.33		$	19.88		0.73		0.99		1.41		$	120,231		$	49,837		$	0.00
Exercisable, end of year		20,103		44,925		59,799		$	14.77		$	19.47		$	20.57		0.73		0.97		1.24		$	120,231		$	46,870		$	0.00

Options have been adjusted to reflect a 4% stock dividend paid on July 1, 2017.

Total stock-based compensation expense for the years ended December 31, 2017, 2016, and 2015 was $3,000, $17,000, and $10,000, respectively. As of December 31, 2017, there was no remaining unrecognized compensation expense related to non-vested stock awards. The Plan expired on February 28, 2010, except as to outstanding options under the Plan, and no further options may be granted pursuant to the Plan.