Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Employee and Director Benefits (Tables)

v3.19.2
Note 7 - Employee and Director Benefits (Tables)
6 Months Ended
Jun. 30, 2019
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2019

   

2018

 

Expected volatility

    40.00

%

    24.13

%

Expected dividends

    1.74

%

    1.06

%

Expected term (in years)

    6.7       6.3  

Risk-free rate

    2.55

%

    2.67

%

Share-based Payment Arrangement, Option, Activity [Table Text Block]
   

Shares

   

Weighted

Average

Exercise

Price

   

Weighted

Average

Remaining

Contractual

Term (years)

   

Aggregate

Intrinsic

Value

 
                           

(In Thousands)

 

Six Months Ended June 30, 2019:

                               

Outstanding at January 1, 2019

    1,238,748     $ 13.02       5.2     $ 23,355  

Granted

    10,500       34.44       9.7       (2 )

Exercised

    (188,500 )     5.58       1.8       5,014  

Forfeited

    (13,000 )     29.93       7.4       56  

Outstanding at June 30, 2019

    1,047,748     $ 14.37       5.3     $ 21,233  
                                 

Exercisable at June 30, 2019

    328,800     $ 8.13       3.7     $ 8,964  
                                 

Six Months Ended June 30, 2018:

                               

Outstanding at January 1, 2018

    1,666,834     $ 10.68       5.5     $ 51,377  

Granted

    12,750       41.50       9.7       (9 )

Exercised

    (175,836 )     4.90       3.1       6,317  

Forfeited

    (6,000 )     19.50       7.7       128  

Outstanding at June 30, 2018

    1,497,748     $ 11.58       5.3     $ 43,787  
                                 

Exercisable at June 30, 2018

    748,600     $ 7.34       3.9     $ 25,811  
Nonvested Restricted Stock Shares Activity [Table Text Block]
   

Shares

   

Weighted

Average

Grant Date

Fair Value

 

Six Months Ended June 30, 2019:

               

Non-vested at January 1, 2019

    44,076     $ 38.44  

Granted

    23,474       34.03  

Vested

    (5,200 )     20.31  

Forfeited

    (2,500 )     38.17  

Non-vested at June 30, 2019

    59,850     $ 38.95  
                 

Six Months Ended June 30, 2018:

               

Non-vested at January 1, 2018

    120,676     $ 10.29  

Granted

    11,850       41.29  

Vested

    (61,700 )     5.81  

Forfeited

    -       -  

Non-vested at June 30, 2018

    70,826     $ 19.38