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Stock Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Fair Value of Options Assumed

 

   2021   2020   2019 
   Years ended December 31, 
   2021   2020   2019 
Risk-free interest rate   1.00%   n/a    1.77%
Expected term   7 year    n/a    7 year 
Expected stock price volatility   28.51%   n/a    26.06%
Dividend yield   2.88%   n/a    3.41%
Schedule of Share-based Compensation, Stock Options, Activity

A summary of option activity during 2021 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, 2021   102,630   $21.26     7.3 years    $202 
Granted   48,658   $27.75           
Effect of 5% stock dividend   7,059                
Forfeited/expired   (3,964)  $15.62           
Exercised   (6,172)  $10.78           
Outstanding at December 31, 2021   148,211   $22.97     7.8 years    $848 
Exercisable at December 31, 2021   54,371   $21.85     6.4 years    $372 
Fully vested options at December 31, 2021   54,371   $21.85     6.4 years    $372 
Schedule of Stock Option Exercised Additional Information

Additional information about stock options exercised is presented below:

 

   2021   2020   2019 
(Dollars in thousands)  Years ended December 31, 
   2021   2020   2019 
Intrinsic value of options exercised (on exercise date)  $141   $430   $42 
Cash received from options exercised   22    42    36 
Excess tax benefit realized from options exercised  $21   $32   $- 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award

 

Year  Amount 
(Dollars in thousands)
 
Year  Amount 
2022  $129 
2023   104 
2024   69 
2025   40 
Total  $342 

 

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

 

Year  Amount 
(Dollars in thousands)
 
Year  Amount 
2022  $136 
2023   64 
2024   37 
Total  $237 
Schedule of Nonvested Share Activity

 

   Shares   Weighted average grant date price per share 
Nonvested restricted common stock at January 1, 2021   22,125   $20.83 
Granted   2,880   $27.75 
Vested   (8,453)  $27.07 
Forfeited   -   $- 
Effect of 5% stock dividend   827      
Nonvested restricted common stock at December 31, 2021   17,379   $21.05