XML 50 R18.htm IDEA: XBRL DOCUMENT v3.3.0.814
Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Activity [Table Text Block]
 
The weighted average grant date fair value of all stock options granted during the nine months ended September 30, 2015 was $12.31. This was determined using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 
Dividend yield
 
0.0
%
Expected life
 
10 Years
 
Expected volatility
 
81.7
%
Risk-free interest
 
 
 
rate
 
1.54
%
Officer and Employee Plans [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Activity [Table Text Block]
A summary of the status of these stock option plans is presented in the following table: 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Average
 
 
 
 
 
 
Exercisable
 
 
 
Number
 
Price
 
Outstanding at December 31, 2014
 
 
483,629
 
$
10.20
 
Granted
 
 
52,689
 
 
15.05
 
Exercised
 
 
(13,542)
 
 
9.89
 
Forfeited
 
 
(2,139)
 
 
11.94
 
Share conversion
 
 
23,468
 
 
9.71
 
Retained by Cornerstone shareholders in merger
 
 
285,209
 
 
11.22
 
Outstanding at September 30, 2015
 
 
829,314
 
$
10.57
 
Board Of Directors Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Activity [Table Text Block]
Information pertaining to options outstanding at September 30, 2015, is as follows:
 
 
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
Weighted-
 
 
 
 
Weighted-
 
 
 
 
Number
 
Remaining
 
Average
 
Number
 
Average
 
 
 
 
Outstanding
 
Contractual
 
Exercise
 
Exercisable
 
Exercise
 
Exercise Prices
 
at 9/30/2015
 
Life
 
Price
 
at 9/30/2015
 
Price
 
$
4.08
 
 
1,250
 
6.1 years
 
$
4.08
 
 
1,250
 
$
4.08
 
 
4.40
 
 
1,250
 
5.9 years
 
 
4.40
 
 
1,250
 
 
4.40
 
 
6.20
 
 
750
 
5.5 years
 
 
4.40
 
 
750
 
 
6.20
 
 
6.60
 
 
64,800
 
6.5 years
 
 
6.60
 
 
64,800
 
 
6.60
 
 
6.80
 
 
40,500
 
5.4 years
 
 
6.80
 
 
40,500
 
 
6.80
 
 
9.48
 
 
58,350
 
7.5 years
 
 
9.48
 
 
58,350
 
 
9.48
 
 
9.52
 
 
407,400
 
1.7 years
 
 
9.52
 
 
407,400
 
 
9.52
 
 
9.60
 
 
71,250
 
8.4 years
 
 
9.60
 
 
71,250
 
 
9.60
 
 
10.00
 
 
1,250
 
7.8 years
 
 
10.00
 
 
1,250
 
 
10.00
 
 
10.48
 
 
79,220
 
4.7 years
 
 
10.48
 
 
79,220
 
 
10.48
 
 
11.67
 
 
5,250
 
5.3 years
 
 
11.67
 
 
4,200
 
 
11.67
 
 
14.29
 
 
1,050
 
2.8 years
 
 
14.29
 
 
1,050
 
 
14.29
 
 
14.40
 
 
22,005
 
3.4 years
 
 
14.40
 
 
22,005
 
 
14.40
 
 
15.05
 
 
52,689
 
10.0 years
 
 
15.05
 
 
-
 
 
15.05
 
 
31.96
 
 
14,454
 
2.4 years
 
 
31.96
 
 
14,454
 
 
31.96
 
 
53.00
 
 
4,200
 
0.4 years
 
 
53.00
 
 
4,200
 
 
53.00
 
 
60.80
 
 
688
 
1.6 years
 
 
60.80
 
 
688
 
 
60.80
 
 
61.00
 
 
2,958
 
1.4 years
 
 
61.00
 
 
2,958
 
 
61.00
 
 
Outstanding, end of year
 
 
829,314
 
2.4 years
 
 
10.57
 
 
775,575
 
 
10.27
 
 
 
Information related to non-vested options for the period ended September 30, 2015, is as follows:
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Average
 
 
 
 
 
 
Grant-Date
 
 
 
Number
 
Fair Value
 
Nonvested at December 31, 2014
 
 
7,358
 
$
2.16
 
Granted
 
 
52,689
 
 
12.31
 
Vested
 
 
(6,439)
 
 
2.05
 
Forfeited/expired
 
 
(237)
 
 
2.02
 
Share conversion
 
 
368
 
 
2.17
 
Nonvested at September 30, 2015
 
 
53,739
 
$
12.12