Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Transactions under the Company’s stock option plans

	Shares		Weighted average exercise price		Weighted average remaining contractual life in years		Aggregate intrinsic value
Outstanding at December 31, 2012		516,332	$	7.06		5.4	$	327,725
Options granted		37,500		6.58
Options exercised		(11,667)		6.62
Options forfeited		(8,333)		6.56
Options expired		(84,857)		8.84
Outstanding at December 31, 2013		448,975	$	6.70		5.6	$	739,951
Options granted		46,000		8.16
Options exercised		(36,950)		4.33
Options forfeited		(9,119)		9.73
Options expired		(29,985)		10.16
Outstanding at December 31, 2014		418,921	$	6.76		5.5	$	1,257,968
Exercisable at December 31, 2014		340,423	$	6.60		4.7	$	1,098,108

Stock Options, Valuation Assumptions

	For the years ended December 31,
	2014			2013
Number of options granted		46,000			37,500
Weighted average exercise price	$	8.16		$	6.58
Weighted average fair value of options	$	3.21		$	3.19
Expected life in years (1)		5.54			5.75
Expected volatility (2)		45.32	%		51.40	%
Risk-free interest rate (3)		1.57	%		1.24	%
Dividend yield (4)		1.01	%		0.17	%

(1) The expected life of the options was estimated based on historical employee behavior and represents the period of time that options granted are expected to be outstanding.

(2) The expected volatility of the Company’s stock price was based on the historical volatility over the period commensurate with the expected life of the options.

(3) The risk-free interest rate is the U.S Treasury rate commensurate with the expected life of the options on the date of grant.

(4) The expected dividend yield is the projected annual yield based on the grant date stock price.

Schedule of Information About Options Exercised

	For the years ended December 31,
	2014		2013
Number of options exercised		36,950		11,667
Total intrinsic value of options exercised	$	157,406	$	15,367
Cash received from options exercised		70,405		-
Tax deduction realized from options exercised		62,868		6,138

Schedule of Stock Options, by Exercise Price Range

		Options outstanding						Options exercisable
Range of exercise prices		Options outstanding		Weighted average remaining contractual life (in years)		Weighted average exercise price		Options exercisable		Weighted average exercise price
$	0.00 - 4.00		89,000		4.2	$	3.85		89,000	$	3.85
	4.01 - 8.00		282,475		6.4		6.73		208,977		6.55
	8.01 - 12.00		5,551		9.2		10.39		551		11.25
	12.01 - 16.00		41,895		2.1		12.62		41,895		12.62
	Total		418,921		5.5	$	6.76		340,423	$	6.60

Schedule of Nonvested Share Activity

	Shares		Average grant date fair value
Nonvested restricted stock at December 31, 2013		95,625	$	6.67
Granted		17,500		8.88
Vested		(35,375)		6.51
Nonvested restricted stock at December 31, 2014		77,750	$	7.24

Restricted Stock Awards Activity

	For the years ended December 31,
	2014		2013
Number of shares granted		17,500		42,500
Average grant date fair value	$	8.88	$	7.12

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Allocation of Share-based Compensation Costs

	For the years ended December 31,
	2014		2013
Compensation expense	$	152,349	$	140,873
Income tax benefit		60,848		56,265

Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Allocation of Share-based Compensation Costs

	For the years ended December 31,
	2014		2013
Compensation expense	$	245,428	$	198,682
Income tax benefit		98,024		79,354