XML 37 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation [Table Text Block]
The following tables provide information on stock-based compensation expense for the three and nine months ended September 30, 2013 and 2012.
 
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
 
September 30,
 
September 30,
 
(Dollars in thousands)
 
2013
 
2012
 
2013
 
2012
 
Stock-based compensation expense
 
$
18
 
$
33
 
$
58
 
$
174
 
Excess tax expense related to stock-
    based compensation
 
 
-
 
 
-
 
 
26
 
 
106
 
 
 
 
September 30,
 
(Dollars in thousands)
 
2013
 
2012
 
Unrecognized stock-based compensation
    expense
 
$
112
 
$
178
 
Weighted average period unrecognized
    expense is expected to be recognized
 
 
1.7 years
 
 
2.2 years
 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
The following table summarizes restricted stock award activity for the Company under the 2006 Equity Plan for the nine months ended September 30, 2013.
 
 
Number
 
Weighted Average Grant
 
 
of Shares
 
Date Fair Value
 
Nonvested at beginning of period
 
6,548
 
$
14.89
 
Granted
 
3,930
 
 
6.81
 
Vested
 
(6,548)
 
 
14.89
 
Cancelled
 
-
 
 
-
 
Nonvested at end of period
 
3,930
 
$
6.81
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option activity for the Company under the 2006 Equity Plan for the nine months ended September 30, 2013.
 
 
 
 
 
 
Weighted
 
Weighted Average
 
 
 
Number
 
Average
 
Grant Date
 
 
 
of Shares
 
Exercise Price
 
Fair Value
 
Outstanding at beginning of period
 
 
54,216
 
$
6.64
 
$
3.44
 
Granted
 
 
-
 
 
-
 
 
-
 
Exercised
 
 
-
 
 
-
 
 
-
 
Expired/Cancelled
 
 
-
 
 
-
 
 
-
 
Outstanding at end of period
 
 
54,216
 
$
6.64
 
$
3.44
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
 
-
 
$
-
 
$
-
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following weighted average assumptions were used as inputs to the Black-Scholes valuation model for options outstanding at September 30, 2013.
 
Dividend yield
 
0.60
%
 
Expected volatility
 
58.65
%
 
Risk-free interest rate
 
1.69
%
 
Expected contract life (in years)
 
5.83