Note 5 - Benefit Plans

6 Months Ended

Jun. 30, 2013

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

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

Note 5: Benefit Plans

The Company has stock-based employee compensation plans, which are described in the Company’s 2012 Annual Report on Form 10-K.     

The table below summarizes transactions under the Company’s stock option plans for the six months ended June 30, 2013:

	Number of shares
	Incentive Stock Option			Non- Incentive Stock Option			Weighted Average Exercise Price
Balance outstanding as of January 1, 2013		174,500			167,000		$	16.38
Granted		-			-			-
Exercised		(1,800	)		-			5.23
Forfeited		(600	)		(2,000	)		12.97
Balance outstanding as of June 30, 2013		172,100			165,000			16.46
Options exercisable as of June 30, 2013		148,800			140,500			18.29

Stock-based compensation expense, consisting of stock options and restricted stock awards, recognized for the three months ended June 30, 2013 and 2012 was $35,461 and $37,325, respectively. Stock-based compensation expense recognized for the six months ended June 30, 2013 and 2012 was $187,275 and $179,676, respectively. As of June 30, 2013, there was $131,695 of unrecognized compensation expense related to nonvested stock options and restricted stock awards, which will be recognized over the remaining vesting period.

In January 2013 and 2012, the Company granted restricted stock to directors pursuant to the 2010 Equity Plan that was fully vested and thus, expensed in full on the date of the grant. The amount expensed was $116,032 and $110,009 for 2013 and 2012, respectively, which represents 16,576 shares of common stock at a market price of $7.00 at the date of grant in 2013 and 18,520 shares of common stock at a market price of $5.94 at the date of grant in 2012.