|
Share Based Compensation (Tables)
|
6 Months Ended |
|
Jun. 30, 2012
|
| Share-Based Compensation [Abstract] |
|
| Fair value of options granted determined by using weighted-average assumptions |
| |
|
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| |
|
2012 |
|
|
Risk free interest rate
|
|
|
1.27 |
% |
|
Dividend yield
|
|
|
3.38 |
% |
|
Volatility
|
|
|
33.00 |
% |
|
| Summary of options outstanding |
| |
|
|
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|
Outstanding |
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|
Exercisable |
|
| |
|
Number |
|
|
Weighted
Average
Remaining
Contractual Life
(Years) |
|
|
Number |
|
|
Weighted
Average Exercise
Price |
|
|
Range of Exercise Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$5.34-$5.39
|
|
|
37,500 |
|
|
|
9.41 |
|
|
|
2,500 |
|
|
$ |
5.34 |
|
|
$14.47-$15.34
|
|
|
82,000 |
|
|
|
5.60 |
|
|
|
82,000 |
|
|
|
14.47 |
|
|
$15.35-$16.50
|
|
|
52,500 |
|
|
|
4.71 |
|
|
|
52,500 |
|
|
|
15.78 |
|
|
$16.51-$19.10
|
|
|
30,000 |
|
|
|
3.59 |
|
|
|
30,000 |
|
|
|
19.10 |
|
|
$19.11-$19.17
|
|
|
30,000 |
|
|
|
2.59 |
|
|
|
30,000 |
|
|
|
19.17 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding at end of period
|
|
|
232,000 |
|
|
|
5.37 |
|
|
|
197,000 |
|
|
$ |
16.12 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of stock options |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| |
|
2012 |
|
|
2011 |
|
| |
|
Options |
|
|
Weighted
Average Exercise
Price per Share |
|
|
Options |
|
|
Weighted
Average Exercise
Price per Share |
|
|
Outstanding at beginning of period
|
|
|
197,000 |
|
|
$ |
16.12 |
|
|
|
197,000 |
|
|
$ |
16.12 |
|
|
Granted
|
|
|
35,000 |
|
|
|
5.39 |
|
|
|
— |
|
|
|
— |
|
|
Forfeited or expired
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Exercised
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Stock dividend or split
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding at end of period
|
|
|
232,000 |
|
|
$ |
14.50 |
|
|
|
197,000 |
|
|
$ |
16.12 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Exercisable at end of period
|
|
|
197,000 |
|
|
$ |
16.12 |
|
|
|
196,167 |
|
|
$ |
16.17 |
|
| |
|
|
|
|
|
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|
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|
| Summary of the status of nonvested stock options |
| |
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|
Nonvested Shares |
|
|
Weighted Average
Exercise Price per
share |
|
|
Nonvested at January 1, 2012
|
|
|
833 |
|
|
$ |
5.34 |
|
|
Granted
|
|
|
35,000 |
|
|
|
5.39 |
|
|
Vested
|
|
|
833 |
|
|
|
5.34 |
|
|
Forfeited or expired
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
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|
Nonvested at March 31, 2012
|
|
|
35,000 |
|
|
$ |
5.39 |
|
| |
|
|
|
|
|
|
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|
| Summary of the status of restricted shares |
| |
|
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|
2012 |
|
| |
|
Shares |
|
|
Weighted Average
Grant Date Fair
Value |
|
|
Nonvested at January 1, 2012
|
|
|
124,352 |
|
|
$ |
4.68 |
|
|
Granted
|
|
|
62,105 |
|
|
|
5.39 |
|
|
Forfeited or expired
|
|
|
— |
|
|
|
— |
|
|
Vested
|
|
|
(33,749 |
) |
|
|
4.35 |
|
| |
|
|
|
|
|
|
|
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|
Nonvested at March 31, 2012
|
|
|
152,708 |
|
|
$ |
5.04 |
|
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