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Equity-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Equity-Based Compensation Plans [Abstract]  
Schedule of option pricing assumptions
 

2012

Expected dividend yield

  3.28 %

Risk-free interest rate

  1.64 %

Expected life

  10 years

Expected volatility

  41.82 %


Schedule of Company's stock options outstanding

The following table presents information regarding the activity since January 1, 2012 related to all of the Company's stock options outstanding:

 

Options Outstanding

 



Number of

Shares

 

Weighted-

Average

Exercise

Price

 

Weighted-

Average

Contractual

Term (years)

 

  Aggregate 

Intrinsic

Value

         

Balance at January 1, 2012

  466,139   $ 18.83    
       

   Granted

  75,000   9.76    

   Exercised

 

 

   

   Forfeited

 

 

   

   Expired

  (53,609 )   16.97    
       

Balance at December 31, 2012

  487,530   $ 17.64    
       

   Granted

 

 

   

   Exercised

 

 

   

   Forfeited

 

 

   

   Expired

  (94,872 )   17.36    
       

Balance at December 31, 2013

  392,658   $ 17.71    
       

   Granted

 

 

   

   Exercised

  (4,500 )   15.58     $ 6,525

   Forfeited

  (75,000 )   9.76    

   Expired

  (134,056 )   21.10    
       

Outstanding at December 31, 2014

  179,102   $ 18.55   2.14   $ 239,611
       

Exercisable at December 31, 2014

  179,102   $ 18.55   2.14   $ 239,611


Schedule of information about the stock options outstanding

The following table summarizes information about the stock options outstanding at December 31, 2014:

 

 

Options Outstanding 

 

Options Exercisable



Range of
Exercise Prices

 


Number
Outstanding
at 12/31/14

 

Weighted-

Average

Remaining

Contractual Life

 

Weighted-
Average
Exercise
Price

 

  Number

Exercisable

at 12/31/14

 

Weighted-

Average

Exercise

Price

             

$13.27 to $15.48

  22,500   4.0   $ 14.35   22,500   $ 14.35

$15.48 to $17.70

  72,602   2.4   16.62   72,602   16.62

$17.70 to $19.91

  20,250   2.2   19.61   20,250   19.61

$19.91 to $22.12

  63,750   1.1   21.89   63,750   21.89
  179,102   2.1   $ 18.55   179,102   $ 18.55
         
Schedule of outstanding restricted stock

The following table presents information regarding the activity during 2012, 2013, and 2014 related to the Company's outstanding restricted stock:

 

 

Long-Term Restricted Stock

 




Number of

Units

 


Weighted-

Average

Grant-Date

Fair Value

   

Nonvested at January 1, 2012

  7,259   $ 14.54
   

Granted during the period

  49,559   9.99

Vested during the period

 

-

 

-


Forfeited or expired during the period

  (2,474 )   12.55
   

Nonvested at December 31, 2012

  54,344   $ 10.48
   

Granted during the period

 

-

 

-


Vested during the period

  (6,163 )   14.54

Forfeited or expired during the period

  (2,807 )   10.96
   

Nonvested at December 31, 2013

  45,374   $ 9.90
   

Granted during the period

  15,657   17.77

Vested during the period

  (15,812 )   15.46

Forfeited or expired during the period

 

-

 

-


   

Nonvested at December 31, 2014

  45,219   $ 10.68