Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

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

Summary of the status of the Corporation's stock option plan

A summary of the status of the Plan as of and for the six months ended June 30, 2013, and changes during the period then ended are presented below:

 

	Shares	Weighted   Average  Exercise   Price		Weighted   Average  Remaining   Contractual  Life		Aggregate Intrinsic Value
Outstanding at beginning of year	261,098	$	10.38		6.9 years
Granted	13,889		5.40		9.6 years
Exercised	(2,250)		3.50		—
Forfeited	(20,651)		13.98		—
Outstanding at end of period	252,086	$	9.87		6.9 years	$	188
Options exercisable at period end	118,333	$	16.39		4.9 years	$	52
Weighted-average fair value of options granted during the six months ended ended June 30, 2013		$	1.73
Weighted-average fair value of options granted during the year ended December 31, 2012		$	1.97

Stock options outstanding

The following information applies to options outstanding at June 30, 2013:

Number Outstanding	Range Of Exercise Prices
72,275	$3.50 - $4.00
72,069	$4.01 - $4.95
36,091	$4.96 - $12.95
40,049	$12.96 - $23.20
31,602	$23.21 – $30.70