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EQUITY INCENTIVE PLAN (Tables)
6 Months Ended
Apr. 30, 2013
EQUITY INCENTIVE PLAN [Abstract]  
Summary of Stock Option Activity

 

   

 

 

Stock

Options

   

Weighted
Average

Exercise

Price

 
             
Outstanding at October 31, 2012     155,105     $ 20.75  
                 
Options granted     24,976       23.30  
Options exercised     -       -  
Options cancelled     -       -  
                 
Outstanding at April 30, 2013     180,081     $ 21.11  

 

Schedule of Information about Outstanding Stock Options that have Already Vested and those that are Expected to Vest

 

    Options already
vested and expected
to vest
    Options currently
exercisable
 
             
Number of outstanding options     180,081       111,281  
                 
Weighted average remaining contractual life (years)     6.94       4.62  
Weighted average exercise price per share   $ 21.11     $ 21.09  
                 
Intrinsic value of outstanding options   $ 1,121,000     $ 729,000  

 

Reconciliation of Restricted Stock Activity and Related Information

 

    Number of
Shares
    Weighted Average
Grant Date
Fair Value
 
Unvested at October 31, 2012     55,718     $ 22.84  
Shares granted     19,213       24.85  
Shares vested     (6,475 )     (27.00 )
Shares cancelled     -       -  
Unvested at April 30, 2013     68,456     $ 23.01