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Stock-Based Compensation (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Stock-Based Compensation [Abstract] |
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| Schedule Of Share Based Compensation Stock Plans |
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Number of
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Number of
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Number of shares
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shares
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outstanding
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available for future
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Plan
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Types of grants
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reserved (2)
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options (2)
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issuance (2)
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Stock options
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2000 Stock Incentive Plan
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Stock appreciation rights
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(2000 Plan) (1)
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Restricted stock
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55,519
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22,743
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0
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Stock options
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Stock appreciation rights
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2007 Long Term Incentive
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Restricted stock
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Plan (LTIP)
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Stock awards
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345,980
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167,842
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(3)
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178,138
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2007 Employee Stock
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Purchase Plan (ESPP)
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Stock option
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173,413
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0
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173,413
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Employee Stock
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Bonus Plan (ESBP)
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Stock awards
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16,545
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0
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16,545
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(1) All options available for grant under the 2000 Plan have been granted.
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(2) Shares/options are subject to adjustment in the event of specified changes in the Corporation's
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capital structure.
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(3) Amount includes 34,491 of unvested options.
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| Summary Of Compensation Expense And Related Tax Benefits For Stock Option and Restricted Stock Awards |
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(dollars in thousands)
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2014
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2013
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2012
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Compensation expense
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$
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256
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$
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292
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$
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270
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Tax benefit
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(61)
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(74)
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(67)
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Net income effect
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$
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195
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$
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218
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$
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203
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| Granted Stock Options And Restricted Stock Awards |
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2014
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2013
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2012
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Nonqualified stock options
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11,846
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9,713
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11,899
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Incentive stock options
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22,645
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13,495
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15,850
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Restricted stock
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9,840
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8,480
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11,290
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| Estimated Fair Value of Options Awarded, Weighted-Average Assumptions |
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2014
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2013
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2012
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Fair value
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$
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5.42
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$
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6.55
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$
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4.74
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Expected life (in years)
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5.5
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5.5
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7.43
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Risk-free interest rate
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1.56
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%
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1.44
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%
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1.10
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%
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Expected volatility
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36.01
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%
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46.43
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%
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43.84
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%
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Expected dividend yield
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2.33
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%
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2.67
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%
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3.19
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%
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| Summary Of Stock Options Activity |
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Weighted Average
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Weighted Average
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Aggregate
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Exercise Price
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Remaining
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Intrinsic Value
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Options
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Per Share
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Contractual Term
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($000)
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Outstanding at January 1, 2014
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234,483
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$
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10.12
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6.3 years
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$
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1,989
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Granted
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34,491
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19.70
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Exercised
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(75,658)
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9.74
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Cancelled
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(2,731)
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18.33
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Outstanding at December 31, 2014
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190,585
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$
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11.88
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6.6 years
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$
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1,486
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Exercisable at December 31, 2014
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156,094
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$
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10.16
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5.9 years
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$
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1,486
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| Summary Stock Options Exercised |
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(dollars in thousands)
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2014
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2013
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2012
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Total intrinsic value of options exercised
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$
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777
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$
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467
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$
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140
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Cash received from options exercised
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$
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737
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$
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794
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$
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252
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Tax deduction realized from options exercised
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$
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264
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$
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141
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$
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48
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| Summary Of Non-Vested Options And Restricted Stock |
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Stock Options
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Restricted Stock
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Weighted Average
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Weighted Average
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Exercise Price
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Grant Date
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Options
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Per Share
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Shares
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Fair Value
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Non-vested at January 1, 2014
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24,372
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$
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18.33
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27,431
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$
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13.06
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Vested
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(21,641)
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18.33
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(14,193)
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9.85
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Cancelled
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(2,731)
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18.33
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(1,488)
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16.66
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Granted
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34,491
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19.70
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9,840
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19.70
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Non-vested at December 31, 2014
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34,491
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$
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19.70
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21,590
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$
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17.95
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| Schedule Of Employee Stock Purchase Program |
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2014
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2013
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2012
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ESPP shares purchased
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7,710
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8,420
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10,784
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Average purchase price per share (85% of market value)
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$
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16.776
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$
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13.386
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$
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8.969
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Compensation expense recognized (in thousands)
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$
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32
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$
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26
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$
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24
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