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Stock Compensation | 12 Months Ended
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Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock Compensation |
(12) | Stock Compensation
The Company’s stock option plan provides for the grant of options to purchase up to 592,168 shares of the Company’s common stock to officers and other key employees of the Company and its subsidiaries. The following table summarizes the Company’s stock option activity:
|  |  |  |  |  |  |  |  |  |  | Weighted average |  |  | Weighted average |  |  | Aggregate |
|  | Number of shares |  |  | exercise price |  |  | Contractual Term |  |  | Intrinsic Value |
|  | December 31 |  |  | December 31 |  |  | (in years) |  |  | ($000) |
|  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
Outstanding, beginning of year |  |  | 100,361 |  |  |  | 131,366 |  |  |  | 242,304 |  |  | $ | 21.56 |  |  | $ | 22.32 |  |  | $ | 21.95 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Granted |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0.00 |  |  |  | 0.00 |  |  |  | 0.00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0.00 |  |  |  | 0.00 |  |  |  | 0.00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | (37,616 | ) |  |  | (31,005 | ) |  |  | (110,938 | ) |  |  | 21.65 |  |  |  | 24.76 |  |  |  | 21.51 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding, end of year |  |  | 62,745 |  |  |  | 100,361 |  |  |  | 131,366 |  |  | $ | 21.50 |  |  | $ | 21.56 |  |  | $ | 22.32 |  |  |  | 1.41 |  |  |  | 1.93 |  |  |  | 2.51 |  |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.00 |
Exercisable, end of year |  |  | 55,262 |  |  |  | 88,586 |  |  |  | 115,663 |  |  | $ | 22.25 |  |  | $ | 21.95 |  |  | $ | 22.58 |  |  |  | 1.24 |  |  |  | 1.75 |  |  |  | 2.30 |  |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.00 |
Options have been adjusted to reflect a 4% stock dividend paid on July 1, 2015. Total stock-based compensation expense for the years ended December 31, 2015, 2014, and 2013 was $10,000, $20,000, and $19,000, respectively. As of December 31, 2015, the total unrecognized compensation expense related to non-vested stock awards was $20,000 and the related weighted average period over which it is expected to be recognized is approximately 0.57 years. No stock options were granted during the years presented above.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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