Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Employee and Director Benefits (Tables)

v3.20.2
Note 7 - Employee and Director Benefits (Tables)
 9 Months Ended
Sep. 30, 2020
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2019

  

Expected volatility

     40.00

%

Expected dividends

     1.74

%

Expected term (in years)

     6.7  

Risk-free rate

     2.56

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

Weighted

          
           

Weighted

    

Average

          
           

Average

    

Remaining

    

Aggregate

  
           

Exercise

    

Contractual

    

Intrinsic

  
   

Shares

    

Price

    

Term (years)

    

Value

  
                           

(In Thousands)

  

Nine Months Ended September 30, 2020:

                                

Outstanding at January 1, 2020

     965,248     $ 15.19       4.9     $ 21,911  

Granted

     -       -       -       -  

Exercised

     (279,300 )     11.36       3.2       6,330  

Forfeited

     (18,000 )     30.79       6.4       58  

Outstanding at September 30, 2020

     667,948       16.37       4.5     $ 11,720  
                                 

Exercisable at September 30, 2020

     209,200     $ 12.41       3.2     $ 4,425  
                                 

Nine Months Ended September 30, 2019:

                                

Outstanding at January 1, 2019

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

Granted

     10,500       34.44       9.4       (14 )

Exercised

     (239,300 )     7.02       2.3       6,162  

Forfeited

     (20,200 )     24.88       6.5       167  

Outstanding at September 30, 2019

     989,748       14.46       5.0     $ 18,603  
                                 

Exercisable at September 30, 2019

     278,000     $ 7.36       3.1     $ 7,261  
Nonvested Restricted Stock Shares Activity [Table Text Block]
   

Shares

    

Weighted

Average Grant

Date Fair Value

  

Nine Months Ended September 30, 2020:

                

Non-vested at January 1, 2020

     71,290     $ 31.53  

Granted

     29,067       33.20  

Vested

     (19,928 )     23.64  

Forfeited

     -       -  

Non-vested at September 30, 2020

     80,429       34.09  
                 

Nine Months Ended September 30, 2019:

                

Non-vested at January 1, 2019

     56,576     $ 29.94  

Granted

     21,274       34.08  

Vested

     (5,200 )     20.31  

Forfeited

     (2,500 )     38.17  

Non-vested at September 30, 2019

     70,150       31.62