Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2012

Stock-Based Compensation Plans [Abstract]

Summary of the status of the stock option plans

A summary of the status of the stock option plans as of December 31, 2012 and changes during the year then ended is presented below:

	Shares			Weighted  Average Exercise Price		Weighted  Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value (1)
Options outstanding, January 1		197,423		$	10.00		5.8
Granted		—			—
Forfeited		(59,584	)		9.45
Exercised		—			—
Expired		(17,222	)		15.34
Options outstanding, December 31		120,617			9.51		5.4	$	6,750
Options exercisable, December 31		120,617			9.51		5.4	$	6,750

(1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on December 31, 2012. This amount changes based on changes in the market value of the Company’s stock.

Black-Scholes Option-Pricing Model weighted average assumptions

The weighted average assumptions used for the Black-Scholes Option-Pricing Model are as follows:

	Incentive Stock Option Plan					Non-qualified Directors Plan
December 31,	2012		2011			2012		2011
Dividend yield		N/A		4.73	%		N/A		4.73	%
Expected life		N/A		5 years			N/A		5 years
Expected volatility		N/A		23.51	%		N/A		23.51	%
Risk-free interest rate		N/A		2.07	%		N/A		1.85	%

Status of options outstanding

The status of the options outstanding at December 31, 2012 is as follows:

Options Outstanding						Options Exercisable
Range of Exercise Prices		Number Outstanding		Weighted Average Remaining Contractual Life (Years)		Number Exercisable		Weighted Average Exercise Price
$	2.80 - $13.75		94,887		6.16		94,887	$	8.20
$	13.76 - $17.50		25,730		2.36		25,730		14.31
			120,617	$	5.35		120,617	$	9.51