Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

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, 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
Options granted		57,000		9.56
Options exercised		(525)		7.31
Options forfeited		-		-
Options expired		-		-
Outstanding at December 31, 2015		475,396	$	7.09		5.1	$	2,562,175
Exercisable at December 31, 2015		375,233	$	6.65		4.1	$	2,190,220

Stock Options, Valuation Assumptions

	For the years ended December 31,
	2015			2014
Number of options granted		57,000			46,000
Weighted average exercise price	$	9.56		$	8.16
Weighted average fair value of options	$	3.61		$	3.21
Expected life in years (1)		6.69			5.54
Expected volatility (2)		42.20	%		45.32	%
Risk-free interest rate (3)		1.89	%		1.57	%
Dividend yield (4)		1.39	%		1.01	%

(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 twelve months ended December 31,
	2015		2014
Number of options exercised		525		36,950
Total intrinsic value of options exercised	$	1,302	$	157,406
Cash received from options exercised		-		70,405
Tax deduction realized from options exercised		520		62,868

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		3.2	$	3.85		89,000	$	3.85
	4.01 - 8.00		281,950		5.4		6.73		242,120		6.61
	8.01 - 12.00		62,551		9.3		9.63		2,218		10.53
	12.01 - 16.00		41,895		1.1		12.62		41,895		12.62
	Total		475,396		5.1	$	7.09		375,233	$	6.65

Schedule of Nonvested Share Activity

	Shares		Average grant date fair value
Nonvested restricted stock at December 31, 2014		77,750	$	7.24
Granted		41,800		9.45
Cancelled		(2,000)		9.81
Vested		(36,750)		6.88
Nonvested restricted stock at December 31, 2015		80,800	$	8.50

Restricted Stock Awards Activity

	For the years ended December 31,
	2015		2014
Number of shares granted		41,800		17,500
Average grant date fair value	$	9.45	$	8.88

Summary of Components of Net Periodic Pension Cost of Defined Benefit Plan Recognized

(In thousands)	For the year ended December 31, 2015
Service cost	$	59
Interest cost		34
Amortization of prior service cost		83
Net periodic benefit cost	$	176

Summary of Changes in Benefit Obligations of Defined Benefit Plan Recognized

(In thousands)	For the year ended December 31, 2015
Benefit obligation, beginning of year	$	-
Initial recognition of prior service cost		830
Service cost		59
Interest cost		34
Actuarial gain (loss)		-
Benefit obligation, end of year	$	923

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,
	2015		2014
Compensation expense	$	147,905	$	152,349
Income tax benefit		59,073		60,848

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,
	2015		2014
Compensation expense	$	302,425	$	245,428
Income tax benefit		120,788		98,024