Stock Compensation

3 Months Ended

Mar. 31, 2018

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

(10)	Stock Compensation

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

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

					Weighted
			Weighted		Average		Aggregate
	Number		average		Contractual		Intrinsic
	of		Exercise		Term		Value
	Shares		Price		(in years)		($000)
Outstanding, beginning of period		20,103	$	14.77
Granted		0		0.00
Exercised		0		0.00
Forfeited or expired		0		0.00
Outstanding, March 31, 2018		20,103	$	14.77		0.48	$	117,992
Exercisable, March 31, 2018		20,103	$	14.77		0.48	$	117,992

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

Total stock-based compensation expense was $0 and $1,000 for the three months ended March 31, 2018 and 2017, 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.