RESTRICTED STOCK (Tables)

3 Months Ended

Mar. 31, 2014

Notes to Financial Statements

Nonvested restricted stock activity

A summary of non-vested restricted stock activity as of and for the three months ended March 31, 2014 is as follows:

Restricted Stock	Shares			Weighted- Average Grant-Date Fair Value
Non-vested shares at January 1, 2014		201,655		$	10.66
Granted		17,136		$	3.17
Vested		(36,362	)	$	5.10
Forfeited		—		$	—
Non-vested shares at March 31, 2014		182,429		$	11.06