Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation [Table Text Block]

The following tables provide information on stock-based compensation expense for the three months ended March 31, 2016 and 2015.

	For the Three Months Ended
	March 31,
(Dollars in thousands)	2016		2015
Stock-based compensation expense	$	111	$	136
Proceeds from issuance of common stock		3		-

	March 31,
(Dollars in thousands)	2016		2015
Unrecognized stock-based compensation expense	$	70	$	102
Weighted average period unrecognized expense is expected to be recognized		0.6 years		0.8 years

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following table summarizes restricted stock award activity for the Company under the 2006 Equity Plan for the three months ended March 31, 2016 and 2015.

	Number		Weighted Average Grant
	of Shares		Date Fair Value
March 31, 2016
Nonvested at beginning of period		12,488	$	8.74
Granted		8,524		11.16
Vested		(13,467)		9.49
Cancelled		-		-
Nonvested at end of period		7,545	$	10.16

	Number		Weighted Average Grant
	of Shares		Date Fair Value
March 31, 2015
Nonvested at beginning of period		14,251	$	8.33
Granted		6,763		9.18
Vested		(8,680)		8.55
Cancelled		-		-
Nonvested at end of period		12,334	$	8.22

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option activity for the Company under the 2006 Equity Plan for the three months ended March 31, 2016 and 2015.

			Weighted
	Number		Average
	of Shares		Exercise Price
March 31, 2016
Outstanding at beginning of period		61,327	$	8.05
Granted		12,443		11.12
Exercised		(450)		6.64
Expired/Cancelled		-		-
Outstanding at end of period		73,320	$	8.58

Exercisable at end of period		67,099	$	8.35

			Weighted
	Number		Average
	of Shares		Exercise Price
March 31, 2015
Outstanding at beginning of period		27,108	$	6.64
Granted		34,219		3.44
Exercised		-		-
Expired/Cancelled		-		-
Outstanding at end of period		61,327	$	4.85

Exercisable at end of period		27,108	$	6.64

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following weighted average assumptions were used as inputs to the Black-Scholes valuation model for options granted in 2016.

Dividend yield	0.73	%
Expected volatility	38.60	%
Risk-free interest rate	1.75	%
Expected contract life (in years)	10 years