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Stock Compensation Plans (Tables)
12 Months Ended
Sep. 30, 2013
Share-based Compensation [Abstract]  
Schedule of Stock Option Activity
tock option activity for the years ended September 30, 2013, 2012 and 2011 is summarized as follows:
 
Number of
Shares

 
Weighted Average
Exercise Price

Outstanding September 30, 2010
194,864

 
$
8.71

Options forfeited
(57,138
)
 
7.42

Outstanding September 30, 2011
137,726

 
9.25

 
 
 
 
Options granted
76,000

 
5.04

Options forfeited
(18,100
)
 
5.44

Outstanding September 30, 2012
195,626

 
7.97

 
 
 
 
Options granted
29,000

 
6.00

Options forfeited
(61,680
)
 
9.69

Outstanding September 30, 2013
162,946

 
$
6.96

Schedule of Fair Value Assumptions
The weighted average assumptions for options granted during the years ended September 30, 2013 and 2012 were as follows:

 
2013

 
2012

Expected volatility
45
%
 
45
%
Expected term (in years)
5

 
5

Expected dividend yield
%
 
%
Risk free interest rate
0.76
%
 
0.76
%
Grant date fair value per share
$
2.37

 
$
1.97

Schedule of Stock Option Plans, by Exercise Price Range
Additional information regarding options outstanding at September 30, 2013, is as follows:

 
 
Options Outstanding
 
Options Exercisable
Range of
Exercise
Prices ($)
 
Number
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Number
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
$ 4.01 - 4.55
 
46,900

 
$
4.25

 
7.2
 
18,900

 
$
4.40

 
6.7
   5.86 - 6.00
 
71,500

 
5.92

 
9.0
 
8,500

 
5.86

 
9.0
 11.46 - 11.63
 
44,546

 
11.50

 
0.3
 
44,546

 
11.50

 
0.3
 
 
162,946

 
$
6.96

 
6.1
 
71,946

 
$
8.97

 
2.9
Summary of MRDP Shares Vested
A summary of MRDP shares vested for the years ended September 30, 2013, 2012 and 2011 were as follows:

 
2013

 
2012

 
2011

Shares vested
6,207

 
10,831

 
13,435

Aggregate vesting date fair value
$
38,000

 
$
46,000

 
$
61,000

Summary of MRDP Shares Unvested
A summary of unvested MRDP shares as of September 30, 2013 and changes during the year ended September 30, 2013, were as follows:

 
Shares

 
Weighted Average
Grant Date
Fair Value

Unvested shares, beginning of period
9,461

 
$
9.00

Shares vested
6,207

 
10.04

 
 
 
 
Unvested shares, end of period
3,254

 
$
7.01

Schedule of Compensation Expense by Plan
Compensation expense recorded in the consolidated financial statements for all stock-based plans were as follows for the years ended September 30, 2013, 2012 and 2011 (dollars in thousands):

 
2013

 
2012

 
2011

Stock options
$
49

 
$
15

 
$
7

MRDP stock grants
39

 
105

 
171

Less: related tax benefit recognized
(8
)
 
(28
)
 
(37
)
 
$
80

 
$
92

 
$
141

Schedule of Compensation Expense to be Recognized in Future Periods
The compensation expense to be recognized in the future for stock-based awards that had been awarded as of September 30, 2013 but not vested for the years ending September 30, is as follows (in thousands):

 
Stock
Options

 
Stock
Grants
(MRDP)

 
Total
Awards

2014
$
51

 
$
2

 
$
53

2015
44

 

 
44

2016
44

 

 
44

2017
35

 

 
35

2018
1

 

 
1

 
$
175

 
$
2

 
$
177