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Stock Option Grants (Tables)
3 Months Ended
Mar. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the periods presented.

 

 

 

Three Months Ended

 

 

 

March 31, 2015

 

 

March 31, 2014

 

 

 

Number of

Shares

 

 

Average

Exercise

Price

 

 

Number of

Shares

 

 

Average

Exercise

Price

 

Options:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of period

 

 

83,400

 

 

$

8.09

 

 

 

 

 

$

 

Granted

 

 

96,150

 

 

 

8.23

 

 

 

10,750

 

 

 

8.00

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

2,500

 

 

 

8.09

 

 

 

 

 

 

 

Options outstanding, end of period

 

 

177,050

 

 

$

8.16

 

 

 

10,750

 

 

$

8.00

 

Options exercisable, end of period

 

 

81,900

 

 

$

8.09

 

 

 

 

 

$