Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.3.a.u2
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2019
STOCK-BASED COMPENSATION [Abstract]  
Summary of Option Activity in the Plans
Additional information related to stock options during each year follows (dollars in thousands):

   
2019
   
2018
 
Intrinsic value of options exercised
 
$
   
$
72
 
Cash received from option exercises
   
     
386
 
Tax benefit realized from option exercises
   
     
19
 
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, 2019
   
90,226
   
$
10.13
   
$
1,004,215
 
Granted
   
83,910
     
10.32
     
933,918
 
Vested
   
(36,770
)
   
10.00
     
409,250
 
Forfeited
   
(16,379
)
   
10.14
     
182,298
 
Outstanding at December 31, 2019
   
120,987
   
$
10.30
   
$
1,346,585