Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

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

Fair Value of Options Granted Determined by Using Weighted-Average Assumptions

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

	December 31, 2013		December 31, 2012
Dividend Yield	2.71	%	3.38	%
Expected volatility	35.58	%	33.00	%
Risk-free interest rate	1.37	%	1.27	%

Summary of Options Outstanding

Options outstanding at December 31, 2013 were as follows:

	Outstanding		Exercisable
	Number	Weighted Average Remaining Contractual Life (Years)	Number	Weighted Average Exercise Price
Range of Exercise Prices
$5.34-$5.39	37,500	7.91	14,167	$	5.38
$9.07-$9.56	128,196	9.41	—	$	—
$14.47	79,500	4.10	79,500	14.47
$16.00-$16.50	32,500	2.96	32,500	16.04
$19.10	30,000	2.09	30,000	19.10
$19.17	30,000	1.09	30,000	19.17
Outstanding at end of period	337,696	5.98	186,167	$	15.56

Summary of Stock Options

A summary of the status of stock options at December 31, 2013 and December 31, 2012 and changes during the year then ended is presented in the table below:

	2013			2012
	Options		Weighted Average Exercise Price per Share	Options	Weighted Average Exercise Price per Share
Outstanding at beginning of period	232,000		14.50	197,000	16.12
Granted	137,363		9.18	35,000	5.39
Forfeited or expired	(31,667	)	13.46	—	—
Exercised	—		—	—	—
Stock dividend or split	—		—	—	—
Outstanding at end of period	337,696		12.43	232,000	14.50
Exercisable at end of period	186,167		15.56	197,000	16.12

Summary of the Status of Restricted Shares

A summary of the status of restricted shares at December 31, 2013 is presented in the table below:

	Nonvested Shares		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2013	143,031		$	5.07
Granted	10,000		9.48
Vested	(62,176	)	4.68
Forfeited or expired	(7,500	)	5.35
Nonvested at December 31, 2013	83,355		5.86