Benefit Plans

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Compensation and Employee Benefit Plans [Text Block]

Note 9:

Benefit Plans

401(k) Plan

The Company has a 401(k) plan established for substantially all full-time employees, as defined. Employee contributions are limited to the maximum established by the Internal Revenue Service on an annual basis. The Company has elected to match contributions equal to 100% of the first 1% of employee deferrals and then 50% on deferrals over 1% up to a maximum of 6% of an individual’s total eligible salary, as defined by the plan. Employer-matching contributions begin vesting after one year at a rate of 50% per year of employment and are fully vested after the completion of two years of service. Contributions each year during the years ended December 31, 2013 and 2012, totaled approximately $252 and $214, respectively.

Employment Agreements

The Company has entered into employment or change in control agreements with certain executives that provide for the continuation of salary and certain benefits for a specified period of time under certain conditions. Under the terms of the agreements, these payments could occur in the event of a change in control of the Company, as defined, along with other specific conditions.

2013 Equity Incentive Plan

The 2013 Equity Incentive Plan (the “2013 Plan”) authorizes the issuance of 750,000 shares of the Company's common stock in the form of equity-based awards to employees, directors, and other eligible persons. The 2013 Plan replaced the 2006 Stock Option Plan, which had 595,500 shares of common stock available for issuance when the 2013 Plan became effective. Under the terms of the 2013 Plan, the pool of shares available for issuance may be used for available types of equity awards under the 2013 Plan, which includes stock options, stock appreciation rights, restricted stock awards, stock unit awards, and other stock-based awards. All employees, consultants and advisors of the Company or any subsidiary, as well as all non-employee directors of the Company, are eligible to receive awards under the 2013 Plan.

The Company recorded $387 of share-based compensation expense for the year ended December 31, 2013 related to awards made under the 2013 Plan. The Company recorded $0 share-based compensation expense in the same period of 2012 for the 2006 Stock Option Plan.

The following table summarizes the status of the Company's restricted stock awards as of December 31, 2013, and activity for the year ended December 31, 2013:

		Weighted-
		Average Grant
	Restricted	Date Fair Value
	Stock Awards	Per Share
Nonvested at January 1, 2013	—	$	—
Granted	46,232		25.09
Vested	—		—
Forfeited	—		—
Nonvested at December 31, 2013	46,232	$	25.09

As of December 31, 2013, the total unrecognized compensation cost related to nonvested awards was $773, with a weighted-average expense recognition period of 2.00 years.

Directors Deferred Stock Plan

Until January 1, 2014, the Company had a stock compensation plan for members of the Board of Directors (“Directors Deferred Stock Plan”). The Company reserved 180,000 shares of common stock that could have been issued pursuant to the Directors Deferred Stock Plan. The plan provided directors the option to elect to receive up to 100% of their annual retainer in either common stock or deferred stock rights. Deferred stock rights were to be settled in common stock following the end of the deferral period payable on the basis of one share of common stock for each deferred stock right.

Director compensation totaled $205 and $144 in 2013 and 2012, respectively, of which $127 and $95 in 2013 and 2012, respectively, were paid in deferred stock rights. Awards were granted on January 1 at fair value and vested from January 1 until December 31. The Company recognized compensation expense ratably over the vesting period based upon the fair value of the stock on the grant date.

The following is an analysis of deferred stock rights and common stock related to the Directors Deferred Stock Plan for the year ended December 31, 2013:

		Deferred
		Rights
Outstanding, beginning of year		70,315
Granted		9,361
Exercised		—
Outstanding, end of year		79,676

Beginning on January 1, 2014, tandem awards of shares of restricted stock and deferred stock units issued under the 2013 Plan replaces the Directors Deferred Stock Plan.