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STOCK-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2012
STOCK-BASED COMPENSATION PLANS  
Summary of stock options outstanding

 

 

 

 

Outstanding Options

 

 

 

Number of
Shares

 

Weighted Average
Exercise Price

 

Weighted Average
Remaining
Contractual
Term
(in years)

 

Aggregate
Intrinsic
Value

 

Options outstanding at January 1, 2011

 

298,520

 

$

25.90

 

 

 

 

 

Granted

 

20,000

 

$

5.20

 

 

 

 

 

Canceled or forfeited

 

(1,250

)

$

7.60

 

 

 

 

 

Options outstanding at December 31, 2012

 

317,270

 

$

24.60

 

3.41

 

$

 

Options exercisable at December 31, 2012

 

288,186

 

$

26.30

 

2.84

 

$

 

Schedule of stock options outstanding and currently exercisable

 

 

 

 

Options Outstanding

 

Options Exercisable

 

Stock Option Plan

 

Number of
Options
Outstanding

 

Weighted Average
Remaining
Contractual Life
(in years)

 

Weighted Average
Exercise price

 

Number of
Options
Exercisable

 

Weighted Average
Exercise Price

 

1995 Stock Incentive Plan

 

183,406

 

1.6

 

$

13.10

 

183,406

 

$

13.10

 

2004 Employee Incentive Plan

 

40,741

 

5.6

 

34.50

 

36,657

 

37.20

 

2004 Directors Plan

 

93,123

 

6.0

 

43.00

 

68,123

 

56.10

 

 

 

317,270

 

3.4

 

$

24.60

 

288,186

 

$

26.30

 

Summary of the status of non-vested shares

 

 

 

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Non-vested at December 31, 2010

 

49,557

 

$

8.60

 

Granted

 

13,333

 

$

17.30

 

Vested

 

(27,907

)

$

8.50

 

Non-vested at December 31, 2011

 

34,983

 

$

12.00

 

Granted

 

40,727

 

$

7.44

 

Vested

 

(33,172

)

$

10.10

 

Non-vested at December 31, 2012

 

40,870

 

$

7.84