Stock Based Compensation

9 Months Ended

Sep. 30, 2011

Stock Based Compensation [Abstract]

Stock Based Compensation

Note 8 – Stock Based Compensation

The Company grants incentive stock options for a fixed number of shares with an exercise price equal to the fair value of the shares at the date of grant to employees. No stock options have been granted in 2011 or 2010. The Company recorded stock option expense totaling approximately $109 thousand and $97 thousand, respectively, for the three month periods ended September 30, 2011 and 2010. The Company recorded stock option expense totaling approximately $326 thousand and $290 thousand, respectively, for the nine-month periods ended September 30, 2011 and 2010. The additional disclosure requirements under authoritative accounting guidance have been omitted due to immateriality.