A summary of nonvested option activity during 2012 is presented below:  Weighted average exercise price Shares per share Nonvested options at December 31, 2011 100,757 $ 16.85  Forfeited/expired (1,084) $ 15.48  Vested (53,165) $ 17.91  Effect of 5% stock dividend 2,866 $ - Nonvested options at December 31, 2012 49,374 $ 14.94  (Dollars in thousands) 2012 2011 2010 Intrinsic value of options exercised (on exercise date)  $ 2 $ 32 $ 110  Cash received from options exercised 5 57 228  Excess tax benefit realized from options exercised  $ 1 $ 12 $ 40  Years ended December 31, (Dollars in thousands) Year Amount 2013  $ 24  2014 22  2015 8  Total   $ 54  (Dollars in thousands) Year Amount 2013  $ 35  2014 35  2015 12  Total   $ 82  The value of the 8,600 shares of restricted common stock awarded during 2011 was based on a stock price of  $16.25 per share on the date such shares were granted. These awards vest ratably over four years. As of December 31,  2012, there was $82,000 of total unrecognized compensation cost related to outstanding unvested restricted shares that will  be recognized over the following periods: As of December 31, 2012, there was $54,000 of total unrecognized compensation cost related to outstanding  unvested options that will be recognized over the following periods: Additional information about stock options exercised is presented below: 90 