2.4.0.8013 - Disclosure - STOCK BASED COMPENSATIONtruefalsefalse1false falsefalseContext_6ME__30-Jun-2013http://www.sec.gov/CIK0001484949duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Disclosure Of Compensation Related Costs Share based Payments [Abstract]2false 2us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"> <table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"> <tr valign="top"> <td style="width: 27pt;"> <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;">4.</div> </td> <td> <div align="left">STOCK–BASED COMPENSATION</div> </td> </tr> </table> </div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">In connection with our 2010 second step conversion and related stock offering, the ESOP purchased an additional 41,614 shares for its Employee Stock Ownership Plan (ESOP) for the exclusive benefit of eligible employees.  The ESOP borrowed funds from the Company in an amount sufficient to purchase the 41,614 shares (approximately 4% of the common stock issued in the offering).  The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Bank and dividends received by the ESOP, with funds from any contributions on ESOP assets.  Contributions will be applied to repay interest on the loan first, and the remainder will be applied to principal.  The loan is expected to be repaid over a period of up to 20 years.  Shares purchased with the loan proceeds are held in a suspense account for allocation among participants as the loan is repaid.  Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants.  Participants will vest on a pro-rata basis and reach 100% vesting in the accrued benefits under the ESOP after six years.  Vesting is accelerated upon retirement, death, or disability of the participant or a change in control of the Bank.  Forfeitures will be reallocated to remaining plan participants.  Benefits may be payable upon retirement, death, disability, separation from service, or termination of the ESOP.  Since the Bank’s annual contributions are discretionary, benefits payable under the ESOP cannot be estimated.</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">In the event a terminated ESOP participant desires to sell his or her shares of the Company’s stock, the ESOP includes a put option, which is a right to demand that the Company buy any shares of its stock distributed to participants at fair value.</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">The Company is accounting for its ESOP in accordance with ASC Topic 718, “Employers Accounting for Employee Stock Ownership Plans.”  Accordingly, the debt of the ESOP is eliminated in consolidation and the shares pledged as collateral are reported as unearned ESOP shares in the consolidated balance sheet.  Contributions to the ESOP shall be sufficient to pay principal and interest currently due under the loan agreement.  As shares are committed to be released from the collateral, the Company reports compensation expense equal to the average market price of the shares for the respective period, and the shares become outstanding for earnings per share computations.  Dividends, if any, on unallocated shares are recorded as a reduction of debt and accrued interest.</div> <div align="justify" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">A summary of ESOP shares at June 30, 2013 and 2012 is shown below.</div> <div align="center" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> <div align="center"> <table style="width: 80%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="46%"> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div style="text-align: right; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">June 30, 2013</div> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div style="text-align: right; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">June 30, 2012</div> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Unearned shares</div> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">31,340</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">34,983</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Shares committed for release</div> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">1,098</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">1,079</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Allocated shares</div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">56,292</td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">52,815</td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">     Total ESOP shares</div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">88,730</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">88,877</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td valign="bottom" width="46%"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Fair value of unearned shares</div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">597,340</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">591,213</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> </table> </div> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">On April 24, 2012, the compensation committee of the board of directors approved the awards of 104,035 options to purchase Company common stock.  The stock options vest over a five-year period and expire ten years after issuance.  Apart from the vesting schedule, there are no performance-based conditions or any other material conditions applicable to the options issued.</div> <p style="font: 1pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;">  <div style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">The following table summarizes stock option activity for the six months ended June 30, 2013.</div> <div style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="right" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> <table style="width: 90%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td valign="bottom" width="42%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Weighted</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td valign="bottom" width="42%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Weighted</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Average</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td valign="bottom" width="42%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Average</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Remaining</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Aggregate</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td valign="bottom" width="42%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Exercise</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Contractual</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Instrinsic</div> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="42%"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Options</div> </td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Price/Share</div> </td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Life (in years)</div> </td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td> <td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2"> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Value</div> </td> <td style="text-align: left; padding-bottom: 2px; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td valign="bottom" width="42%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" valign="bottom" width="42%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Outstanding, December 31, 2012</div> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">107,338</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="9%">15.60</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" valign="bottom" width="42%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Granted</div> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" valign="bottom" width="42%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Exercised</div> </td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">(5,902</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td> <td align="right" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%">15.03</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="padding-bottom: 2px;" valign="bottom" width="42%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Forfeited</div> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">-</td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">-</td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td valign="bottom" width="42%"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="42%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Outstanding, June 30, 2013</div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">101,436</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">15.63</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">8.66</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">347,735</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td valign="bottom" width="42%"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="9%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="padding-bottom: 4px;" valign="bottom" width="42%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">Exercisable, June 30, 2013</div> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">18,251</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">15.55</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"> </td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">8.27</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"> </td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">64,075</td> <td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> </table> </div> <div align="center" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"> </div> <div align="left" style="font: 13px/normal 'times new roman', times, serif; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 27pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;">Intrinsic value for stock options is defined as the difference between the current market value and the exercise price.  The value is based upon a closing price of $19.06 per share on June 30, 2013.</div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 false0STOCK BASED COMPENSATIONfalseSTOCK BASED COMPENSATIONUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.jacksonvillesavings.com/role/StockBasedCompensation12