Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Stock-based Compensation

Assumptions used in estimating fair value of stock options

	2015
Dividend yield	0%
Expected volatility	42.4%
Years	Five Years
Risk-free interest rate	1.5%
Fair value of each option on grant date	$ 6.14

Stock option activity

Stock option activity during the three months ended March 31, 2015 was as follows:

		Weighted
		Average
		Exercise
	Shares	Price
Outstanding at beginning of period	4,918	$	15.78
Granted	5,000	15.79
Exercised	—	—
Forfeited	—	—
Outstanding at March 31, 2015	9,918	15.79
Exercisable at March 31, 2015	916	9.81