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Stock-based Compensation Plans
 12 Months Ended
Dec. 31, 2018
Stock-based Compensation Plans [Abstract]  
Stock-based Compensation Plans





Note 15 – Stock-based compensation plans



On October 21, 1999, the Board of Directors adopted the “1999 Stock Option Plan” for officers and employees.  The ability to grant shares under the 1999 Stock Option Plan expired on October 21, 2009. The plan expired with 25,832 shares not granted.



Stock option plan activity under the 1999 Stock Option Plan for the year ended December 31, 2018 is summarized below:







 

 

 

 



 

 

Weighted

 



 

Weighted

Average

 



 

Average

Remaining

 



 

Exercise

Contractual

Intrinsic



Shares

Price

Life (in years)

Value



 

 

 

 

Options outstanding, January 1, 2018

 636 

$      12.79 

 

 

Granted

 -

 -

 

 

Exercised

 -

 -

 

 

Forfeited or expired

 (636) 12.79 

 

 

Options outstanding, December 31, 2018

 -

 -

 -

$              - 

Options exercisable, December 31, 2018

 -

$              - 

 -

$              - 

   

No options were exercised in 2018 and 2017.  There are no longer any options outstanding from the 1999 Stock Option Plan.





On March 20, 2018, the Board of Directors adopted the “2018 Bank of the James Financial Group, Inc. Equity Incentive Plan,” which was approved by the shareholders on May 15, 2018.  This plan allows the Company to grant stock options, restricted stock, and restricted stock units to certain officers and employees.  No awards had been granted under the plan as of December 31, 2018.