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Equity Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2020

Equity Incentive Plans [Abstract]

Summary of Status of Restricted Shares

	Number of Shares Awarded			Weighted Average Grant Date Fair Value
Non-vested at January 1, 2020	81,278		$	11.96
Granted	-			-
Vested	(25,232)			12.40
Forfeited	(2,332)			11.97
Non-vested at September 30, 2020	53,714		$	11.78

	Number of Shares Awarded			Weighted Average Grant Date Fair Value
Non-vested at January 1, 2019	67,321		$	11.26
Granted	47,618			12.46
Vested	-			-
Forfeited	-			-
Non-vested at September 30, 2019	114,939		$	11.86

Summary of Stock Option Activity

The following tables present a summary of the status of the Company’s outstanding stock option awards as of September 30, 2020 and 2019.

		Number of Option Shares			Range of Exercise Prices			Weighted Average Exercise Price
Outstanding at January 1, 2020		1,200,975		$	8.93 - 13.32		$	11.45
Options granted		-			-			-
Options exercised		(500)			10.55			10.55
Options forfeited		(8,127)			11.26-12.46			11.68
Options expired		-			-			-
Outstanding at September 30, 2020		1,192,348		$	8.93 - 13.32		$	11.45

As of September 30, 2020, stock options which were granted and were exercisable totaled 660,736 stock options.

It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to the 531,612 shares of unvested options outstanding as of September, 2020 was $1.0 million over a weighted average period of 4.80 years.

		Number of Option Shares			Range of Exercise Prices			Weighted Average Exercise Price
Outstanding at January 1, 2019		1,104,600		$	8.93-13.32		$	11.36
Options granted		98,875			12.46			12.46
Options exercised		-			-			-
Options forfeited		(1,000)			10.55			10.55
Options expired		-			-			-
Outstanding at September 30, 2019		1,202,475		$	8.93-13.32		$	11.45

As of September 30, 2019, stock options which were granted and were exercisable totaled 268,633 stock options.

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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