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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Stock based compensation:  
Information about stock options outstanding and exercisable
The following table summarizes information about stock options outstanding and exercisable as of December 31, 2012:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number of Options
 
Weighted Average Contractual Life in Years
 
Number of Options
$
2.75

 
53,100

 
1.8
 
38,700

$
3.21

 
258,775

 
1.1
 
258,775

$
3.28

 
40,000

 
2.2
 
40,000

$
6.40

 
18,000

 
2.8
 
18,000

$
7.98

 
5,000

 
3.0
 
5,000

 
 
374,875

 
 
 
360,475

Stock options
 
Stock based compensation:  
Activity relating to stock options
The following summarizes the activity relating to stock options under the plans mentioned above for the years ended December 31:
 
2012
 
2011
 
Number
of
Options
 
Weighted
Average
Exercise Price
 
Number
of
Options
 
Weighted
Average
Exercise Price
Outstanding - beginning of year
400,650

 
$
3.35

 
520,275

 
$
3.31

Granted

 

 

 

Exercised
(25,775
)
 
3.14

 
(119,625
)
 
3.17

Forfeited

 

 

 

Outstanding - end of year
374,875

 
$
3.37

 
400,650

 
$
3.35

Exercisable at December 31
360,475

 
$
3.39

 
380,550

 
$
3.39

Vested or expected to vest at December 31
374,875

 
$
3.37

 
400,650

 
$
3.35

Unvested stock options
 
Stock based compensation:  
Information about stock options outstanding and exercisable
The following summarizes the status of, and changes to, unvested options during the years ended December 31, 2012 and 2011:
 
Number
of
Options
 
Weighted
Average
Exercise Price
Unvested at December 31, 2010
25,800

 
$
2.75

Granted

 

Vested
(5,700
)
 
2.75

Forfeited

 

Unvested at December 31, 2011
20,100

 
2.75

Granted

 

Vested
(5,700
)
 
2.75

Forfeited

 

Unvested at December 31, 2012
14,400

 
$
2.75

Restricted stock
 
Stock based compensation:  
Status and changes of restricted stock
The following summarizes the status of Restricted Stock and changes during the years ended December 31:
 
2012
 
2011
 
Number
of
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Number
of
Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested - beginning of year
173,556

 
$
5.21

 
203,797

 
$
3.91

Granted
59,070

 
7.93

 
50,466

 
9.48

Vested
(88,415
)
 
4.44

 
(74,848
)
 
4.43

Forfeited
(4,481
)
 
7.68

 
(5,859
)
 
6.74

Unvested - end of year
139,730

 
$
6.77

 
173,556

 
$
5.21