Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Stock-Based Compensation [Abstract]

Summary of the status of the stock option plans

Stock option plan activity for the three months ended March 31, 2013, is summarized below:

(Unaudited)	Shares		Weighted Average Exercise Price		Remaining Contractual Life (in years)		Aggregate Intrinsic Value (1)
Options outstanding, January 1		120,617	$	9.51		5.4
Granted		89,500		5.25
Forfeited		—		—
Exercised		—		—
Expired		—		—
Options outstanding, March 31		210,117		7.69		7.1	$	11,688
Options exercisable, March 31		210,117		7.69		7.1	$	11,688

(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 March 31, 2013. This amount changes based on changes in the market value of the Company’s common stock.