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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Stock Based Compensation [Abstract]  
Schedule Of Share-based Compensation, Stock Options, Activity





 

 

 

 

 

 

 

(Dollars in thousands except share and per share data)

 

 

 

 

 

 

 



ESPP

 

Weighted Average

 

Aggregate 



Options

 

Price Per Share

 

Intrinsic Value

Balance Outstanding at December 31, 2017

17,837 

 

$

29.95 

 

$

132 

Granted

19,790 

 

 

32.73 

 

 

 

Exercised

(3,257)

 

 

30.54 

 

 

 

Expired

(15,992)

 

 

30.07 

 

 

 

Balance Outstanding at December 31, 2018

18,378 

 

$

32.73 

 

$

 -

Granted

19,644 

 

 

36.21 

 

 

 

Exercised

(2,270)

 

 

32.75 

 

 

 

Expired

(16,641)

 

 

32.84 

 

 

 

Balance Outstanding at December 31, 2019

19,111 

 

$

36.21 

 

$

47 



 

 

 

 

 

 

 

Shares available for future grants at December 31, 2019

193,281 

 

 

 

 

 

 







 

 

 

 

 

 

 



ISOP

 

Weighted Average

 

Aggregate 



Options

 

Price Per Share

 

Intrinsic Value

Balance Outstanding at December 31, 2017

85,225 

 

$

24.75 

 

$

1,075 

Granted

34,054 

 

 

34.10 

 

 

 

Exercised

(12,268)

 

 

21.55 

 

 

 

Forfeited

(3,000)

 

 

23.77 

 

 

 

Balance Outstanding at December 31, 2018

104,011 

 

$

28.22 

 

$

341 

Granted

 —

 

 

 —

 

 

 

Exercised

(8,482)

 

 

22.82 

 

 

 

Forfeited

(2,550)

 

 

34.10 

 

 

 

Balance Outstanding at December 31, 2019

92,979 

 

$

28.55 

 

$

943 



 

 

 

 

 

 

 

Shares available for future grants at December 31, 2019

307,021 

 

 

 

 

 

 



Share-based Compensation Arrangement By Share-based Payment Award, Options, Vested And Expected To Vest, Outstanding And Exercisable



 

 

 

 

 

 

 

 

 

 

 

 

Options

 

 

 

 

 

 

 

Weighted



 

Outstanding

 

 

Exercise Price or

 

Weighted Average

 

Average Remaining

Stock Option Plan

 

and Exercisable

 

 

Price Range

 

Exercise Price

 

Life (years)

Employee Stock Purchase Plan

 

19,111 

 

$

36.21 

 

$

36.21 

 

0.5



 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plan

 

31,225 

 

 

21.27 - 22.05

 

 

21.54 

 

5.8

Incentive Stock Option Plan

 

30,250 

 

 

30.00 

 

 

30.00 

 

7.2

Incentive Stock Option Plan

 

31,504 

 

 

34.10 

 

 

34.10 

 

8.2

ISOP Total/Average

 

92,979 

 

 

 

 

$

28.55 

 

7.0



Valuation Assumptions Using Black-Scholes Method



 

 

 

 

 

 



 

2019

 

2018

Incentive Stock Option Plan

 

 

 

 

 

 

Options granted

 

 

 —

 

 

34,054 

Risk-free interest rate

 

 

—  

 

 

2.66% 

Expected volatility of the Corporation's stock

 

 

—  

 

 

19.51% 

Expected dividend yield

 

 

—  

 

 

2.49% 

Expected life (in years)

 

 

 —

 

 

5.25 

Weighted average fair value of options granted

 

$

 —

 

$

5.42 



 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

Compensation expense included in net income

 

 

 

 

 

 

ESPP

 

$

 —

 

$

 —

ISOP

 

 

 —

 

 

185 

Total compensation expense included in net income

 

$

 —

 

$

185