The following table summarizes stock option activity during the three months ended December 31, 2012:

			Weighted-Average Exercise Price

Options outstanding and exercisable at September 30, 2012	218,000		$	12.66
Exercised	(21,370	)		12.32

Options outstanding and exercisable at December 31, 2012	196,630			12.70

No options to purchase shares of common stock for the three months ended December 31, 2012 were excluded from the computation of diluted earnings per share because the exercise prices of all stock options were less than the average share price of the Company's common stock. Options to purchase 52,500 shares of common stock for the three months ended December 31, 2011 were excluded from the computation of diluted earnings per share because the exercise prices of these stock options were greater than the average share price of the Company's common stock and, therefore, the effect would have been antidilutive.

During the three months ended December 31, 2012, the Company received proceeds of $263 related to the exercise of stock options. During this same period, the Company recorded a tax benefit of $35 and optionees realized an aggregate pre-tax gain of $91 from these stock option exercises. During the three months ended December 31, 2011, the Company received proceeds of $204 related to the exercise of stock options. During this same period, the Company recorded a tax benefit of $194 and optionees realized an aggregate pre-tax gain of $504 from these stock option exercises.