|
Employee Benefits (Tables)
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12 Months Ended |
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Dec. 31, 2012
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| Employee Benefits [Abstract] |
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| Payments, in accordance with the plans |
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2012 |
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2011 |
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|
2010 |
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|
401(k) Plan
|
|
$ |
1,427 |
|
|
$ |
1,374 |
|
|
$ |
1,574 |
|
|
ESOP
|
|
|
1,896 |
|
|
|
1,700 |
|
|
|
— |
|
|
Cash
|
|
|
314 |
|
|
|
315 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
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Total
|
|
$ |
3,637 |
|
|
$ |
3,389 |
|
|
$ |
1,574 |
|
| |
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| Summary of shares available in each Plan |
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2003 Plan
(1) |
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2011 Plan |
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Beginning Authorization
|
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525,000 |
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1,000,000 |
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Granted
|
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|
(590,744 |
) |
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|
(297,103 |
) |
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Expired, forfeited, or cancelled
|
|
|
101,896 |
|
|
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25,108 |
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| |
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|
|
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|
|
|
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Remaining available for grant
|
|
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36,152 |
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|
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728,005 |
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| (1) |
The 2003 Plan expires in June 2013.
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| Summarizes the stock option activity |
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Number of
Stock Options |
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|
Weighted
Average
Exercise Price |
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|
Options
Exercisable |
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Weighted
Average
Exercise Price |
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|
Balance, December 31, 2009
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|
|
216,180 |
|
|
$ |
21.03 |
|
|
|
187,224 |
|
|
$ |
20.24 |
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Granted
|
|
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130,000 |
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|
|
16.40 |
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|
|
|
|
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|
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Exercised
|
|
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(7,016 |
) |
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|
8.66 |
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|
|
|
|
|
|
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Forfeited
|
|
|
(14,388 |
) |
|
|
20.52 |
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Balance, December 31, 2010
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|
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324,776 |
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|
19.38 |
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|
183,544 |
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|
|
20.90 |
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Granted
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134,046 |
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12.11 |
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Exercised
|
|
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(29,625 |
) |
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|
10.21 |
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Forfeited
|
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(6,447 |
) |
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|
17.22 |
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Balance, December 31, 2011
|
|
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422,750 |
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|
|
17.70 |
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|
184,985 |
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|
|
22.28 |
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Granted
|
|
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131,657 |
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14.40 |
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Exercised
|
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(2,376 |
) |
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|
12.11 |
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Forfeited
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(51,453 |
) |
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17.11 |
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Balance, December 31, 2012
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500,578 |
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|
16.92 |
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218,825 |
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20.59 |
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| Summary of options outstanding |
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Options Outstanding |
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Options Exercisable |
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Range of Exercise Prices
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Number
Outstanding |
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Weighted Average
Remaining
Contractual Life |
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Weighted
Average
Exercise Price |
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Number
Exercisable |
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Weighted
Average
Exercise Price |
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| |
|
|
|
$12.11
|
|
|
122,876 |
|
|
|
8.26 yrs |
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|
$ |
12.11 |
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|
24,440 |
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$ |
12.11 |
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|
$12.59
|
|
-
|
|
$14.08
|
|
|
4,850 |
|
|
|
6.72 |
|
|
$ |
13.14 |
|
|
|
2,510 |
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|
$ |
13.02 |
|
| |
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|
$14.40
|
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|
116,658 |
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|
|
9.15 |
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$ |
14.40 |
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|
— |
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$ |
0.00 |
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| |
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$14.82
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|
1,000 |
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|
7.42 |
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$ |
14.82 |
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|
400 |
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|
$ |
14.82 |
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| |
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$16.45
|
|
|
104,861 |
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|
|
7.32 |
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$ |
16.45 |
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41,952 |
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$ |
16.45 |
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|
$18.58
|
|
-
|
|
$20.41
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|
51,090 |
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|
|
0.54 |
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$ |
18.87 |
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50,280 |
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$ |
18.84 |
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$22.65
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$23.50
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|
60,113 |
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|
1.37 |
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$ |
22.93 |
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60,113 |
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$ |
22.93 |
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| |
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$27.51
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|
3,750 |
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|
2.58 |
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$ |
27.51 |
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|
3,750 |
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$ |
27.51 |
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$27.62
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|
16,270 |
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|
4.08 |
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$ |
27.62 |
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16,270 |
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$ |
27.62 |
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| |
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$31.57
|
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|
19,110 |
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|
|
3.07 |
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$ |
31.57 |
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|
19,110 |
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$ |
31.57 |
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| |
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| |
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$12.11
|
|
-
|
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$31.57
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|
500,578 |
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|
6.26 yrs |
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|
$ |
16.92 |
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|
|
218,825 |
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|
$ |
20.59 |
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| |
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| Estimated stock option on the date of grant fair value |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Dividend yield
|
|
|
2.47 |
% |
|
|
2.36 |
% |
|
|
2.48 |
% |
|
Expected life in years
|
|
|
7.0 |
|
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|
7.0 |
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|
7.0 |
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Expected volatility
|
|
|
41.53 |
% |
|
|
41.02 |
% |
|
|
37.92 |
% |
|
Risk-free interest rate
|
|
|
1.24 |
% |
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|
2.71 |
% |
|
|
3.23 |
% |
| |
|
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Weighted average fair value per option granted
|
|
$ |
4.76 |
|
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$ |
4.31 |
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$ |
5.53 |
|
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| Summary of information concerning stock options |
| |
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|
| |
|
Stock Options
Vested or
Expected to Vest |
|
|
Exercisable |
|
|
Stock options
|
|
|
500,578 |
|
|
|
218,825 |
|
|
Weighted average remaining contractual life in years
|
|
|
6.26 |
|
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|
3.49 |
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Weighted average exercise price on shares above water
|
|
$ |
13.23 |
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$ |
12.23 |
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Aggregate intrinsic value
|
|
$ |
623,231 |
|
|
$ |
27,350 |
|
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| Summary the nonvested stock activity |
| |
|
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| |
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Restricted Stock |
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|
Weighted
Average Grant-
Date Fair Value |
|
|
Balance, December 31, 2011
|
|
|
146,557 |
|
|
$ |
12.62 |
|
|
Granted
|
|
|
78,414 |
|
|
|
14.46 |
|
|
Vested
|
|
|
(11,747 |
) |
|
|
14.33 |
|
|
Forfeited
|
|
|
(25,524 |
) |
|
|
12.70 |
|
| |
|
|
|
|
|
|
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|
Balance, December 31, 2012
|
|
|
187,700 |
|
|
|
13.15 |
|
| |
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|
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| Estimated unamortized compensation expense recognized in future |
| |
|
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| |
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Stock Options |
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|
Restricted
Stock |
|
|
Total |
|
|
2013
|
|
$ |
338 |
|
|
$ |
709 |
|
|
$ |
1,047 |
|
|
2014
|
|
|
332 |
|
|
|
388 |
|
|
|
720 |
|
|
2015
|
|
|
253 |
|
|
|
116 |
|
|
|
369 |
|
|
2016
|
|
|
147 |
|
|
|
21 |
|
|
|
168 |
|
|
2017
|
|
|
28 |
|
|
|
— |
|
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|
28 |
|
| |
|
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|
|
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|
|
|
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|
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Total
|
|
$ |
1,098 |
|
|
$ |
1,234 |
|
|
$ |
2,332 |
|
| |
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