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STOCK INCENTIVE PLAN AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (Tables)
12 Months Ended
Dec. 31, 2012
Stock Incentive Plan And Employee Stock Ownership Plan And Trust Tables  
Schedule of activity under the 1998 and 2010 Omnibus Stock Incentive Plan

A summary of the activity under the 1998 and 2010 Omnibus Stock Incentive Plans for the years ended December 31, 2012, 2011, and 2010 follows:

 

   2012   2011   2010 
   Shares   Weighted Average Exercise Price   Shares   Weighted Average Exercise Price   Shares   Weighted Average Exercise Price 
Outstanding, January 1   168,266   $11.23    88,831   $11.51    86,995   $10.61 
Granted   11,500    11.30    101,000    10.48    33,000    10.77 
Expired   (4,000)   13.75    (6,491)   10.47    (1,581)   9.60 
Exercised   (1,299)   8.54    (15,074)   8.19    (29,583)   8.13 
Outstanding, December 31   174,467   $11.20    168,266   $11.23    88,831   $11.51 

 

 

Exercise Price:   Number of Options Outstanding   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price   Intrinsic Value of Outstanding Options   Number of Options Exercisable   Weighted Average Exercise Price   Intrinsic Value of Exercisable Options 
$8.54    7,292    0.4   $8.54   $15,969    7,292   $8.54   $15,969 
                                      
$15.11    16,225    3.4   $15.11   $    6,490   $15.11   $ 
                                      
$14.54    5,500    4.0   $14.54   $    1,100   $14.54   $ 
                                      
$14.10    5,500    4.5   $14.10   $    1,100   $14.10   $ 
                                      
$12.90    2,200    5.2   $12.90   $       $   $ 
                                      
$10.77    25,250    7.7   $10.77   $       $   $ 
                                      
$11.67    5,000    8.2   $11.67   $       $   $ 
                                      
$10.42    96,000    8.5   $10.42   $       $   $ 
                                      
$11.11    9,000    9.6   $11.11   $       $   $ 
                                      
$12.00    2,500    9.9   $12.00   $       $   $ 
                                      
      174,467    7.27   $11.20   $15,969    15,982   $12.00   $15,969 

 

Schedule of nonvested shares

A summary of the status of the Company’s nonvested shares as of December 31, 2012 is presented below:

 

Nonvested Shares:   Shares    Weighted Average Grant-Date Fair Value 
Nonvested at beginning of year   163,006   $4.50 
Granted   11,500    2.60 
Vested   (12,021)   4.06 
Forfeited   (4,000)   5.04 
Nonvested at end of year   158,485   $4.38