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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
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 six months ended June 30, 2015 and 2014.
 
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
 
June 30,
 
June 30,
 
(Dollars in thousands)
 
2015
 
2014
 
2015
 
2014
 
Stock-based compensation expense
 
$
53
 
$
27
 
$
191
 
$
49
 
Excess tax expense related to stock-based compensation
 
 
2
 
 
-
 
 
2
 
 
-
 
 
 
 
June 30,
 
(Dollars in thousands)
 
2015
 
2014
 
Unrecognized stock-based compensation expense
 
$
96
 
$
122
 
Weighted average period unrecognized expense is expected to be recognized
 
 
0.6 years
 
 
1.2 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 six months ended June 30, 2015 and 2014.
 
June 30, 2015
 
Number
 
Weighted Average Grant
 
 
 
of Shares
 
Date Fair Value
 
Nonvested at beginning of period
 
 
14,251
 
$
8.33
 
Granted
 
 
11,915
 
 
9.19
 
Vested
 
 
(13,678)
 
 
8.90
 
Cancelled
 
 
-
 
 
-
 
Nonvested at end of period
 
 
12,488
 
$
8.34
 
 
June 30, 2014
 
Number
 
Weighted Average Grant
 
 
 
of Shares
 
Date Fair Value
 
Nonvested at beginning of period
 
 
13,930
 
$
8.33
 
Granted
 
 
3,654
 
 
9.57
 
Vested
 
 
(3,333)
 
 
8.93
 
Cancelled
 
 
-
 
 
-
 
Nonvested at end of period
 
 
14,251
 
$
8.51
 
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 six months ended June 30, 2015 and 2014.
 
June 30, 2015
 
 
 
 
Weighted
 
 
 
Number
 
Average
 
 
 
of Shares
 
Exercise Price
 
Outstanding at beginning of period
 
 
27,108
 
$
6.64
 
Granted
 
 
34,219
 
 
9.18
 
Exercised
 
 
-
 
 
-
 
Expired/Cancelled
 
 
-
 
 
-
 
Outstanding at end of period
 
 
61,327
 
$
8.05
 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
 
27,108
 
$
6.64
 
 
June 30, 2014
 
 
 
 
Weighted
 
 
 
Number
 
Average
 
 
 
of Shares
 
Exercise Price
 
Outstanding at beginning of period
 
 
40,662
 
$
6.64
 
Granted
 
 
-
 
 
-
 
Exercised
 
 
-
 
 
-
 
Expired/Cancelled
 
 
-
 
 
-
 
Outstanding at end of period
 
 
40,662
 
$
6.64
 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
 
20,331
 
$
6.64
 
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 granted in 2015.
 
Dividend yield
 
0
%
Expected volatility
 
32
%
Risk-free interest rate
 
1.97
%
Expected contract life (in years)
 
7 years