Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

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

Option Activity under the Company's Stock Option Plans

Option activity under the Company’s stock option plans is as follows:

						Weighted
	Number of shares			Weighted average exercise price		average remaining contractual term (in years)		Aggregate intrinsic value
Outstanding, January 1, 2015		311,705			$9.69				$681,861
Issued		---			---
Exercised		(15,500	)		7.30
Forfeited		(3,462	)		12.28
Expired		---			---
Outstanding, June 30, 2015		292,743			$9.78		3.76		$653,340
Options exercisable at June 30, 2015		271,743			$9.80		3.43		$601,293

Summary of Company's Restricted Stock

Information regarding the Company’s restricted stock and changes during the six months ended June 30, 2015 is as follows:

	Number of shares			Weighted average price
Outstanding, January 1, 2015		160,284			$9.21
Granted		---			---
Vested		(86,470	)		9.11
Forfeited		(88	)		9.39
Outstanding, June 30, 2015		73,726			$9.32

Information regarding the Company’s RSUs (all unvested) and changes during the six months ended June 30, 2015 is as follows:

	Number of shares			Weighted average price
Outstanding, January 1, 2015		98,535		$	10.64
Granted		129,509			11.06
Vested		(25,566	)		11.02
Forfeited		(515	)		10.74
Outstanding, June 30, 2015		201,963		$	10.86