Share-based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2015

Share-based Compensation Plans

Summary of activity related to restricted stock granted, vested and forfeited

	Number of Shares			Average Grant Date Fair Value
Balance December 31, 2014		206,443		$	6.65
Granted		85,664			7.88
Vested		(90,570	)		6.48
Forfeited		(39,143	)		7.03
Balance December 31, 2015		162,394		$	7.30

Summary of activity related to options granted, exercised, and forfeited

		Options Outstanding
		Number of Shares			Weighted Average Exercise Price		Options Available for Grant (1)
Balance, December 31, 2014			742,557		$	6.83		2,003,176
Granted			385,519			7.72
Forfeited			(127,279	)		7.00
Exercised			(56,432	)		5.20
Expired			(11,812	)		13.18
Balance, December 31, 2015			932,553		$	7.19		2,228,601
(1)	Shares available for grant as of December 31, 2014 were from the 2005 Equity Based Compensation Plan, which expired in March 2015 and no further grant can be made from this plan. Shares available for grant as of December 31, 2015 are from the 2015 Equity Incentive Plan, which was approved by the Company's shareholders in May 2015.

Summary of the aggregate intrinsic value of options vested and expected to vest and exercisable

	December 31, 2015
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Vested or expected to vest		888,471	$	7.18		7.68	$	1,233,276
Exercisable at December 31, 2015		346,847	$	6.81		5.83	$	784,426

Schedule of assumptions used in the calculation of weighted average fair value of options granted

	For the Years Ended December 31,
	2015		2014		2013
Expected volatility		36.27%		49.38%		55.33%
Expected term (years)		5.00		5.61		6.00
Dividend yield		2.82%		0.67%		0.00%
Risk free rate		1.54%		1.75%		1.54%
Weighted-average grant date fair value	$	1.97	$	3.32	$	3.30

Summary of recognized and unrecognized share based compensation expense

	For the Years Ended December 31,
	2015		2014		2013
		(dollars in thousands)
Share-based compensation expense:
Stock options	$	506	$	490	$	240
Restricted stock		586		503		293
Total expense	$	1,092	$	993	$	533
Unrecognized compensation expense:
Stock options	$	963	$	1,065	$	645
Restricted stock		799		967		651
Total unrecognized expense	$	1,762	$	2,032	$	1,296