XML 1088 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2012
Stock-Based Compensation [Abstract]  
Stock-Based Compensation

15.  Stock-Based Compensation

Stock Options

A summary of the status of the stock options is presented below:

 

                 
   

Stock

Options

    

Weighted-average

Exercise Price

  
     

Outstanding at January 1, 2012

     107,375     $ 15.75  

Exercised

     (31,875 )      13.30  
   

 

 

    

 

 

  
     

Outstanding at December 31, 2012

     75,500     $ 16.79  
   

 

 

    

 

 

  

Options vested and exercisable at December 31, 2012

     75,500          

Fair value of options granted during 2012

     -          

Number of authorized stock-based awards available for grant

     424,941          

 

Options outstanding and exercisable at December 31, 2012 are as follows:

 

                 

Exercise Price

   Number     Remaining
Contractual Life		  

$17.54

     37,500       1.0 years  

16.04

     38,000       2.0 years  
   

 

 

          
     
      75,500          
   

 

 

          

The aggregate intrinsic value of all options outstanding and exercisable at December 31, 2012 and 2011 was $13 and $79, respectively.

Additional information related to the stock option plan follows:

 

                     
    2012     2011   2010  
       

Intrinsic value of options exercised

   $ 114     $151   $ 42  

Cash received from option exercises

     424     259     69  

As of December 31, 2012, there was no unrecognized compensation cost related to nonvested stock options granted under the stock option plan.

Restricted Stock Awards

A summary of changes in nonvested restricted stock awards follows:

 

                 
    Shares    

Weighted-average
Grant Date

Fair Value

  
     

Nonvested at January 1, 2012

     35,613       $15.08  

Granted

     26,900       15.57  

Vested

     (12,939 )      14.96  
   

 

 

    

 

 

  
     

Nonvested at December 31, 2012

     49,574       $15.37  
   

 

 

    

 

 

  

As of December 31, 2012 and 2011, there was $536 and $394, respectively, of total unrecognized compensation cost related to nonvested shares granted under the restricted stock award plan. The fair value of shares vesting during 2012, 2011, and 2010 was $206, $173 and $210, respectively. Compensation expense for restricted stock awards was $277 in 2012, $213 in 2011, and $205 in 2010.