Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Stock Based Compensation [Abstract]

Share-Based Compensation, Granted

	Nine Months Ended
	September 30, 2013				September 30, 2012
			Weighted				Weighted
			Average				Average
			Fair Value				Fair Value
	Grant		Per Share		Grant		Per Share
Board restricted stock		18,290	$	10.52		11,820	$	12.69
Total shares		18,290				11,820

Stock Options Activity

A summary of stock option activity as of September 30, 2013 and changes during the nine months then ended is presented below: 

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Grant Date
Stock Options	Shares		Price		Term		Fair Value
Outstanding at January 1, 2013		292,267	$	10.13
Granted		-		-
Exercised		(3,265)	$	6.87
Expired/Forfeited		(15,000)	$	13.86
Outstanding at September 30, 2013		274,002	$	9.97		4.9 Years	$	2,731,257
Exercisable at September 30, 2013		274,002	$	9.97		4.9 Years	$	2,731,257

A summary of stock option activity as of September 30, 2012 and changes during the nine months then ended is presented below: 

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Grant Date
Stock Options	Shares		Price		Term		Fair Value
Outstanding at January 1, 2012		318,002	$	9.21
Granted		-		-
Exercised		(22,750)	$	7.07
Expired/Forfeited		(250)		8.28
Outstanding at September 30, 2012		295,002	$	10.10		5.6 Years	$	2,980,782
Exercisable at September 30, 2012		266,377	$	10.40		5.5 Years	$	2,769,987

Stock Appreciation Rights Valuation Assumptions

	September 30, 2013
Expected dividend yield		0.00	%
Expected weighted-average volatility		48.7	%
Risk-free interest rate		2.49	%
Expected term of SARs (in years)		9.25

Stock Appreciation Rights Award Activity

	SARs		Fair Value (*)
Non-vested SARs at December 31, 2012		148,500	$	5.24
Granted		—		—
Vested		(16,500)	$	5.03
Cancellations		—		—
Non-vested SARs at September 30, 2013		132,000	$	5.03

*  Weighted-average