Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair Value of Options Granted Determined by Using Weighted-Average Assumptions

The fair value of options granted was determined using the following weighted-average assumptions as of grant date.

	2012
Risk free interest rate	1.27	%
Dividend yield	3.38	%
Volatility	33.00	%

Summary of Options Outstanding

Options outstanding at December 31, 2012 were as follows:

	Outstanding		Exercisable
	Number	Weighted Average Remaining Contractual Life (Years)	Number	Weighted Average Exercise Price
Range of Exercise Prices
$5.34-$5.39	37,500	8.91	2,500	$	5.34
$14.47	82,000	5.10	82,000	14.47
$15.35-$16.50	52,500	4.21	52,500	15.78
$19.10	30,000	3.09	30,000	19.10
$19.17	30,000	2.09	30,000	19.17
Outstanding at end of period	232,000	4.86	197,000	$	16.12

Summary of Stock Options

A summary of the status of stock options at December 31, 2012 and December 31, 2011 and changes during the year then ended is presented in the table below:

	2012		2011
	Options	Weighted Average Exercise Price per Share	Options	Weighted Average Exercise Price per Share
Outstanding at beginning of period	197,000	16.12	197,000	16.12
Granted	35,000	5.39	—	—
Forfeited or expired	—	—	—	—
Exercised	—	—	—	—
Stock dividend or split	—	—	—	—
Outstanding at end of period	232,000	14.50	197,000	16.12
Exercisable at end of period	197,000	16.12	196,167	16.17

Summary of the Status of Restricted Shares

A summary of the status of restricted shares at December 31, 2012 is presented in the table below:

	Nonvested Shares		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2012	124,352		$	4.68
Granted	62,105		5.39
Vested	(43,426	)	4.42
Forfeited or expired	—		—
Nonvested at December 31, 2012	143,031		5.07