Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.10.0.1
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2018
STOCK-BASED COMPENSATION [Abstract]  
Summary of Option Activity in the Plans
A summary of option activity in the plans is as follows (dollars in thousands, except per option data):

Options
  
Number
Outstanding
    
Weighted
Average
Exercise Price
    
Weighted-
Average
Remaining
Contractual
Life in Years
    
Aggregate
Intrinsic
Value
  
Outstanding at January 1, 2018
    
45,000
    
$
8.57
      
—
     $
—
  
Exercised
    
(45,000
)
    
8.57
      
—
      
—
  
Expired
    
—
      
—
      
—
      
—
  
Outstanding at December 31, 2018
    
—
      
—
      
—
      
—
  
                                 
Exercisable at December 31, 2018
    
—
    
$
—
    
—
    
$
—
  

Information related to stock options during each year follows (dollars in thousands):

   
2018
    
2017
  
Intrinsic value of options exercised
  
$
72
    
$
—
  
Cash received from option exercises
    
386
      
68
  
Tax benefit realized from option exercises
    
19
      
8
  
Changes in Nonvested Stock Awards
A summary of changes in the Company’s nonvested restricted stock awards for the year follows:

Nonvested Stock Awards
  
Shares
    
Weighted-
Average
Grant-Date Fair
Value
    
Aggregate
Intrinsic
Value
  
Outstanding at January 1, 2018
    
105,048
    
$
8.73
    
$
1,050,480
  
Granted
    
43,991
      
10.47
      
423,193
  
Vested
    
(55,607
)
    
7.84
      
534,939
  
Forfeited
    
(3,206
)
    
8.72
      
30,842
  
Outstanding at December 31, 2018
    
90,226
    
$
10.13
    
$
867,974