Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

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

Summary of Options Outstanding

The following table summarizes the Corporation's stock options outstanding at March 31, 2015:

	Outstanding		Exercisable
	Number	Weighted Average Remaining Contractual Life (Years)	Number	Weighted Average Exercise Price
Range of Exercise Prices
$5.39	35,000	6.84	35,000	$	5.39
$9.07-$9.56	122,394	8.17	36,930	9.19
$11.03	109,500	9.15	—	—
$12.12	7,500	9.32	—	—
$14.47	78,000	2.85	78,000	14.47
$16.00-$16.50	32,500	1.72	32,500	16.04
$19.10	30,000	0.84	30,000	19.10
Outstanding at end of period	414,894	6.30	212,430	$	12.95

Summary of Stock Options

A summary of the status of stock options for the three month period ended March 31, 2015 and 2014 is presented in the table below:

	March 31,				March 31,
	2015				2014
	Options		Weighted Average Exercise Price per Share		Options	Weighted Average Exercise Price per Share
Outstanding at beginning of period	452,530		$	12.09	337,696	$	12.43
Granted	—		—		—	—
Forfeited or expired	(30,000	)	19.17		—	—
Exercised	(7,636	)	7.87		—	—
Stock dividend or split	—		—		—	—
Outstanding at end of period	414,894		$	11.58	337,696	$	12.43
Exercisable at end of period	212,430		$	12.95	197,833	$	14.96

Schedule of Valuation Assumptions

Summary of the Status of Restricted Shares

A summary of the status of outstanding restricted shares at March 31, 2015 is presented in the table below:

	Nonvested Shares		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015	38,552		$	6.45
Granted	—		—
Vested	(28,552	)	5.28
Forfeited or expired	—		—
Nonvested at March 31, 2015	10,000		$	9.48