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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Options Outstanding
The following table summarizes the Corporation's stock options outstanding at March 31, 2014:
 
Outstanding
 
Exercisable
 
Number
 
Weighted Average
Remaining
Contractual Life
(Years)
 
Number
 
Weighted Average
Exercise Price
Range of Exercise Prices
 
 
 
 
 
 
 
$5.34-$5.39
37,500

 
7.66
 
25,833

 
$
5.39

$9.07-$9.56
128,196

 
9.17
 

 

$14.47
79,500

 
3.85
 
79,500

 
14.47

$16.00-$16.50
32,500

 
2.72
 
32,500

 
16.04

$19.10
30,000

 
1.84
 
30,000

 
19.10

$19.17
30,000

 
0.84
 
30,000

 
19.17

Outstanding at end of period
337,696

 
5.74
 
197,833

 
14.96

Summary of Stock Options
A summary of the status of stock options at March 31, 2014 and 2013 is presented in the table below:
 
 
2014
 
2013
 
Options
 
Weighted Average
Exercise
Price per Share
 
Options
 
Weighted Average
Exercise
Price per Share
Outstanding at beginning of period
337,696

 
12.43

 
232,000

 
14.50

Granted

 

 

 

Forfeited or expired

 

 

 

Exercised

 

 

 

Stock dividend or split

 

 

 

Outstanding at end of period
337,696

 
12.43

 
232,000

 
14.50

Exercisable at end of period
197,833

 
14.96

 
197,000

 
16.12

Summary of the Status of Restricted Shares
A summary of the status of restricted shares at March 31, 2014 is presented in the table below:
 
 
Nonvested
Shares
 
Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 2014
83,355

 
$
5.86

Granted

 

Vested
(44,803
)
 
5.35

Forfeited or expired

 

Nonvested at March 31, 2014
38,552

 
6.45