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Stock Compensation Plan | 12 Months Ended
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Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | (17) Stock Compensation Plan The Company had a stock-based employee compensation plan which allowed for the issuance of stock options and restricted common stock, the purpose of which was to provide additional incentive to certain officers, directors, and key employees by facilitating their purchase of a stock interest in the Company. Compensation expense related to prior awards is recognized on a straight line basis over the vesting period, which is typically four or five years. During 2011, all awards remaining available under the Company’s 2001 Stock Incentive Plan were awarded. The stock-based compensation cost related to these awards was $16,000, $55,000, and $58,000 for the years ended December 31, 2015, 2014 and 2013, respectively. The Company recognized tax benefits of $84,000, $15,000, and $30,000 for the years ended December 31, 2015, 2014 and 2013, respectively. A summary of option activity during 2015 is presented below:
(Dollars in thousands, except per share amounts) |  |  |  |  | Weighted |  | Weighted |  |  |  |
|  |  |  |  | average |  | average |  |  |  |
|  |  |  |  | exercise |  | remaining |  | Aggregate |
|  |  |  |  | price |  | contractual |  | intrinsic |
|  | Shares |  | per share |  | term |  | value |
Outstanding at January 1, 2015 |  |  | 344,474 |  | $ | 16.27 |  |  | 3.1 years |  | $ | 1,690 |
Effect of 5% stock dividend |  |  | 16,288 |  |  |  |  |  |  |  |  |  |
Forfeited/expired |  |  | - |  | $ | - |  |  |  |  |  |  |
Exercised |  |  | (30,543) |  | $ | 16.67 |  |  |  |  |  |  |
Outstanding at December 31, 2015 |  |  | 330,219 |  | $ | 15.43 |  |  | 2.2 years |  | $ | 3,578 |
Exercisable at December 31, 2015 |  |  | 330,219 |  | $ | 15.43 |  |  | 2.2 years |  | $ | 3,578 |
Vested and expected to vest at December 31, 2015 |  |  | 330,219 |  | $ | 15.43 |  |  | 2.2 years |  | $ | 3,578 |
A summary of nonvested option activity during 2015 is presented below:
|  |  |  |  | Weighted |
|  |  |  |  | average |
|  |  |  |  | exercise |
|  |  |  |  | price |
|  | Shares |  | per share |
Nonvested options at January 1, 2015 |  |  | 14,748 |  | $ | 13.37 |
Forfeited/expired |  |  | - |  | $ | - |
Vested |  |  | (14,748) |  | $ | 13.37 |
Effect of 5% stock dividend |  |  | - |  | $ | - |
Nonvested options at December 31, 2015 |  |  | - |  | $ | - |
Additional information about stock options exercised is presented below:
(Dollars in thousands) |  | Years ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |
Intrinsic value of options exercised (on exercise date) |  | $ | 273 |  | $ | 186 |  | $ | 126 |
Cash received from options exercised |  |  | 510 |  |  | 493 |  |  | 1,244 |
Excess tax benefit realized from options exercised |  | $ | 83 |  | $ | 26 |  | $ | 29 |
As of December 31, 2015, there was no unrecognized compensation cost related to outstanding unvested options. At the annual meeting of stockholders on May 20, 2015, our stockholders approved the 2015 Stock Incentive Plan which authorized the issuance of equity awards covering 262,500 shares of common stock. The Company has not issued any of these equity awards as of December 31, 2015.

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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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