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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2013
Postemployment Benefits [Abstract]  
Summary of Status of Stock Option Plans

Stock option plan activity for the six months ended June 30, 2013 (unaudited) is summarized below:

 

     Shares     Weighted
Average
Exercise
Price		      Weighted
Average
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

      (7,596 )      13.80         
  

 

 

    

 

 

        

Options outstanding, June 30

      202,521      $ 7.46         7.2       $ 9,425   
  

 

 

    

 

 

        

 

 

  

Options exercisable, June 30

      202,521      $ 7.46         7.2       $ 9,425   
  

 

 

    

 

 

        

 

 

  

 

(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 June 30, 2013. This amount changes based on changes in the market value of the Company’s common stock.