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Stock Options (Tables)
9 Months Ended
Sep. 30, 2012
Stock Options [Abstract]  
Summary of the activity in the plan

A summary of the activity in the plan is as follows:

 

                                 
    Nine months ended     Nine months ended  
    September 30, 2012     September 30, 2011  
          Weighted           Weighted  
          Average           Average  
          Price           Price  
    Shares     Per Share     Shares     Per Share  

Outstanding at beginning of year

    29,500     $ 25.42       29,500     $ 25.42  

Granted

    —         —         —         —    

Exercised

    —         —         —         —    

Forfeited

    (19,500     20.50       —         —    
   

 

 

           

 

 

         

Options outstanding, end of period

    10,000     $ 35.00       29,500     $ 25.42  
   

 

 

   

 

 

   

 

 

   

 

 

 

Options exercisable, end of period

    10,000     $ 35.00       29,500     $ 25.42  
   

 

 

   

 

 

   

 

 

   

 

 

 
Stock options outstanding

The following table details stock options outstanding:

 

                         
    Outstanding Options  
          Weighted        
          Average     Weighted  
          Remaining     Average  
          Contractual     Exercise  

Exercise price

  Number     Life     Price  

$35.00

    10,000       6.4 mos.       35.00  
   

 

 

           

 

 

 

Outstanding at quarter-end

    10,000       6.4 mos.     $ 35.00