Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

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

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of options granted in the second quarter of 2013 was determined using the following weighted-average assumptions as of grant date:

Risk free interest rate	1.20	%
Dividend yield	3.08	%
Volatility	32.62	%

Summary of Options Outstanding

	Outstanding		Exercisable
	Number	Weighted Average Remaining Contractual Life (Years)	Number	Weighted Average Exercise Price
Range of Exercise Prices
$5.34-$5.39	37,500	8.41	2,500	$	5.34
$9.07	107,863	9.86	—	—
$14.47	82,000	4.60	82,000	14.47
$15.35-$16.50	52,500	3.71	52,500	15.78
$19.10	30,000	2.59	30,000	19.10
$19.17	30,000	1.59	30,000	19.17
Outstanding at end of period	339,863	6.11	197,000	16.12

Summary of Stock Options

A summary of the status of stock options at June 30, 2013 and 2012 and changes during the year then ended is presented in the table below:

	2013		2012
	Options	Weighted Average Exercise Price per Share	Options	Weighted Average Exercise Price per Share
Outstanding at beginning of period	232,000	14.50	197,000	16.12
Granted	107,863	9.07	35,000	$5.39
Forfeited or expired	—	—	—	—
Exercised	—	—	—	—
Stock dividend or split	—	—	—	—
Outstanding at end of period	339,863	12.78	232,000	14.50
Exercisable at end of period	197,000	16.12	197,000	16.12

Summary of the Status of Restricted Shares

A summary of the status of restricted shares at June 30, 2013 is presented in the table below:

	Nonvested Shares		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2013	143,031		$	5.07
Granted	—		—
Vested	(52,499	)	4.68
Forfeited or expired	—		—
Nonvested at June 30, 2013	90,532		8.00