Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

The following is a summary of the Company's stock option plan awards during the period ended September 30, 2012:

	Shares(1)			Weighted-Average Exercise Price(1)		Weighted-Average Remaining Contractual Term In Years		Aggregate Intrinsic Value
Outstanding at the beginning of the year		97,492		$	9.07		7.33	$	104,317
Granted		26,417			8.49		9.42
Exercised		-			-
Forfeited		(3	)		9.07		7.33
Expired		-			-
Outstanding at September 30, 2012		123,906		$	8.94		7.77	$	148,688
Exercisable		61,682		$	9.07		7.33	$	66,000
Expected to vest, assuming a 0% forfeiture rate over the vesting term		123,906		$	8.94		7.77	$	148,688

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(1)As stated in Note 2, all share and per share information in this report for periods prior to the Conversion has been revised to reflect the 0.87423 Conversion exchange ratio.

Weighted average assumptions

The fair value of options granted during 2012 were determined using the following weighted-average assumptions as of the grant date.

Annual dividend yield		0.00	%
Expected volatility		28.97	%
Risk-free interest rate		1.46	%
Expected term	7.5 years
Weighted-average grant date fair value per option granted	$	8.49

Nonvested restricted stock awards

The following is a summary of the Company's unvested restricted stock awards for the nine month period ended September 30, 2012:

Non-vested Shares	Shares(1)			Weighted-Average Grant-Date Fair Value Per Share(1)		Aggregate Intrinsic Value Per Share

Non-vested at January 1, 2012		22,706		$	6.43
Granted		9,617			6.49
Vested		(7,566	)		6.43
Forfeited		(10	)		-
Expired		-			-
Non-vested at September 30, 2012		24,747		$	6.45	$	10.14

Expected to vest assuming a 0% forfeiture rate over the vesting term		24,747		$	6.45	$	10.14

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(1)As stated in Note 2, all share and per share information in this report for periods prior to the Conversion has been revised to reflect the 0.87423 Conversion exchange ratio.