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Stock Compensation Plan (Tables) | 12 Months Ended
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Dec. 31, 2019
Schedule of Fair Value of Options Assumed | The fair value of the options granted were determined using the following weighted-average assumptions as of the grant date:
|  | Years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Risk-free interest rate |  |  | 1.77 | % |  |  | n/a |  |  |  | 2.07 | %
Expected term |  |  | 7 year |  |  |  | n/a |  |  |  | 7 year |
Expected stock price volatility |  |  | 26.06 | % |  |  | n/a |  |  |  | 33.30 | %
Dividend yield |  |  | 3.41 | % |  |  | n/a |  |  |  | 2.74 | %
Schedule of Share-based Compensation, Stock Options, Activity | A summary of option activity during 2019 is presented below:
(Dollars in thousands, except per share amounts) |  |  |  |  | Weighted |  |  | Weighted |  |  |  |
|  |  |  |  | average |  |  | average |  |  |  |
|  |  |  |  | exercise |  |  | remaining |  |  | Aggregate |
|  |  |  |  | price |  |  | contractual |  |  | intrinsic |
|  | Shares |  |  | per share |  |  | term |  |  | value |
Outstanding at January 1, 2019 |  |  | 68,706 |  |  | $ | 17.97 |  |  |  | 5.1 years |  |  | $ | 462 |
Granted |  |  | 64,405 |  |  | $ | 23.44 |  |  |  |  |  |  |  |  |
Effect of 5% stock dividend |  |  | 6,504 |  |  |  |  |  |  |  |  |  |  |  |  |
Forfeited/expired |  |  | - |  |  | $ | - |  |  |  |  |  |  |  |  |
Exercised |  |  | (3,275 | ) |  | $ | 10.99 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2019 |  |  | 136,340 |  |  | $ | 19.87 |  |  |  | 6.9 years |  |  | $ | 714 |
Exercisable at December 31, 2019 |  |  | 49,558 |  |  | $ | 14.43 |  |  |  | 3.0 years |  |  | $ | 529 |
Fully vested options at December 31, 2019 |  |  | 49,558 |  |  | $ | 14.43 |  |  |  | 3.0 years |  |  | $ | 529 |
Schedule of Stock Option Exercised Additional Information | Additional information about stock options exercised is presented below:
(Dollars in thousands) |  | Years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Intrinsic value of options exercised (on exercise date) |  | $ | 42 |  |  | $ | 1,523 |  |  | $ | 279 |
Cash received from options exercised |  |  | 36 |  |  |  | 534 |  |  |  | 228 |
Excess tax benefit realized from options exercised |  | $ | - |  |  | $ | 136 |  |  | $ | 103 |
Schedule of Share-based Compensation Arrangements by Share-based Payment Award |
(Dollars in thousands) |  |  |
Year |  | Amount |
2020 |  | $ | 130 |
2021 |  |  | 104 |
2022 |  |  | 68 |
2023 |  |  | 40 |
Total |  | $ | 342 |
Restricted Stock [Member] |
Schedule of Share-based Compensation Arrangements by Share-based Payment Award |
(Dollars in thousands) |  |  |
Year |  | Amount |
2020 |  | $ | 132 |
2021 |  |  | 58 |
2022 |  |  | 34 |
Total |  | $ | 224 |
Schedule of Nonvested Share Activity | A summary of nonvested restricted common stock activity during 2019 is presented below:
|  | Shares |  |  | Weighted average grant date price per share |
Nonvested restricted common stock at January 1, 2019 |  |  | 16,800 |  |  | $ | 25.87 |
Granted |  |  | 3,416 |  |  | $ | 23.44 |
Vested |  |  | (6,346 | ) |  | $ | 26.08 |
Effect of 5% stock dividend |  |  | 682 |  |  |  |  |
Nonvested restricted common stock at December 31, 2019 |  |  | 14,552 |  |  | $ | 23.98 |

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