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Stock Compensation Plan (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Fair Value of Options Assumed

 

   Years ended December 31,
   2020  2019   2018 
Risk-free interest rate  n/a   1.77%   n/a 
Expected term  n/a   7 year    n/a 
Expected stock price volatility  n/a   26.06%   n/a 
Dividend yield  n/a   3.41%   n/a 
Schedule of Share-based Compensation, Stock Options, Activity

A summary of option activity during 2020 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, 2020   136,340   $19.87    6.9 years    $714 
Granted   -   $-           
Effect of 5% stock dividend   5,494                
Forfeited/expired   (20,174)  $16.30           
Exercised   (19,030)  $10.41           
Outstanding at December 31, 2020   102,630   $21.26    7.3 years    $202 
Exercisable at December 31, 2020   38,338   $20.33    5.9 years    $120 
Fully vested options at December 31, 2020   38,338   $20.33    5.9 years    $120 

 
Schedule of Stock Option Exercised Additional Information

Additional information about stock options exercised is presented below:

 

          
(Dollars in thousands)  Years ended December 31, 
   2020   2019   2018 
Intrinsic value of options exercised (on exercise date)  $430   $42   $1,523 
Cash received from options exercised   42    36    534 
Excess tax benefit realized from options exercised  $32   $-   $136 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award

 

(Dollars in thousands)   
Year  Amount 
2021  $96 
2022   61 
2023   36 
Total  $193 
Restricted Stock [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award

As of December 31, 2020, there was $355,000 of total unrecognized compensation cost related to the 23,318 outstanding unvested restricted shares that will be recognized over the following periods:

 

(Dollars in thousands)   
Year  Amount 
2021  $158 
2022   96 
2023   64 
2024   37 
Total  $355 
Schedule of Nonvested Share Activity

A summary of nonvested restricted common stock activity during 2020 is presented below:

 

   Shares   Weighted average grant date price per share 
Nonvested restricted common stock at January 1, 2020   14,552   $23.98 
Granted   17,350   $20.60 
Vested   (8,711)  $22.41 
Forfeited   (971)  $20.60 
Effect of 5% stock dividend   1,098      
Nonvested restricted common stock at December 31, 2020   23,318   $21.05