Stock Option Plan (Tables)

3 Months Ended

Mar. 31, 2013

Stock Option Plan Tables

Schedule of Stock Option Rollforward

A summary of the status of the Company’s stock option plan as of and for the three months ended March 31, 2013, and for the year ended December 31, 2012 is presented below:

	Three months ended March 31, 2013				Year ended December 31, 2012
	Shares		Weighted average exercise price		Shares		Weighted average exercise price
Outstanding at beginning of period		58,908	$	13.95		63,408	$	13.95
Granted		—		—		—		—
Exercised		—		—		—		—
Forfeited		17,704	$	13.95		4,500	$	13.95
Outstanding at end of period		41,204	$	13.95		58,908	$	13.95
Options exercisable at period-end		41,204	$	13.95		58,908	$	13.95

The following information applies to options outstanding at March 31, 2013:

Number outstanding		41,204
Exercise price on all remaining options outstanding	$	13.95
Weighted-average remaining contractual life		.42 years