Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Employee and Director Benefits (Tables)

v3.19.3
Note 7 - Employee and Director Benefits (Tables)
9 Months Ended
Sep. 30, 2019
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2019

   

2018

 

Expected volatility

    40.00

%

    24.72

%

Expected dividends

    1.74

%

    1.06

%

Expected term (in years)

    6.7       6.3  

Risk-free rate

    2.56

%

    2.67

%

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, 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  
                                 

Nine Months Ended September 30, 2018:

                               

Outstanding at January 1, 2018

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

Granted

    12,750       41.58       9.5       (31 )

Exercised

    (231,336 )     4.94       3.1       7,665  

Forfeited

    (33,000 )     15.00       6.4       758  

Outstanding at September 30, 2018

    1,415,248       11.79       5.1     $ 38,998  
                                 

Exercisable at September 30, 2018

    693,100     $ 6.78       3.5     $ 22,513  
Nonvested Restricted Stock Shares Activity [Table Text Block]
   

Shares

   

Weighted Average Grant Date Fair Value

 

Nine Months Ended September 30, 2019:

               

Non-vested at January 1, 2019

    44,076     $ 38.44  

Granted

    33,774       33.60  

Vested

    (5,200 )     20.31  

Forfeited

    (2,500 )     38.17  

Non-vested at September 30, 2019

    70,150       37.46  
                 

Nine Months Ended September 30, 2018:

               

Non-vested at January 1, 2018

    120,676     $ 10.29  

Granted

    12,850       41.48  

Vested

    (73,700 )     5.88  

Forfeited

    (750 )     41.21  

Non-vested at September 30, 2018

    59,076       22.18