Stock-Based Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Status of Options Granted Under Long-Term Incentive Plan

The following is a summary of the status of options under the Corporation’s long-term incentive plan:

(Dollars in thousands, except per share data)	Shares Under Option			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value at December 31, 2013
Outstanding at December 31, 2012		584,349		$	20.85
Granted		114,500			16.87
Expired		(75,632	)		27.07
Forfeited		(11,167	)		17.06
Exercised		—			—
Outstanding at December 31, 2013		612,050			19.41		5.7	$	1,329
Exercisable at December 31, 2013		343,391			21.85		3.7		142

Aggregated Assumptions Used to Estimate Fair Value of Options Granted

The following aggregated assumptions were used to estimate the fair value of options granted for the periods indicated:

	For the Years Ended December 31,
	2013			2012			2011
Expected option life in years		8.9			8.2			7.9
Risk free interest rate		1.99	%		1.63	%		3.04	%
Expected dividend yield		4.74	%		5.40	%		4.64	%
Expected volatility		49.30	%		50.74	%		49.11	%
Fair value of options	$	5.32		$	4.37		$	5.72

Summary of Nonvested Restricted Stock Awards

Following is a summary of nonvested restricted stock awards at December 31, 2013 including changes during the year:

(Dollars in thousands, except per share data)	Nonvested Share Awards			Weighted Average Grant Date Fair Value
Nonvested share awards at December 31, 2012		175,008		$	16.70
Granted		70,041			16.76
Vested		(30,093	)		17.84
Forfeited		(29,533	)		17.56
Nonvested share awards at December 31, 2013		185,423			16.40

Certain Information Regarding Restricted Stock

The fair value of restricted stock is equivalent to the fair value on the date of grant and is amortized over the vesting period. Certain information regarding restricted stock is summarized below for the periods indicated:

(Dollars in thousands, except per share data)	For the Years Ended December 31,
	2013		2012		2011
Shares granted		70,041		71,157		58,736
Weighted average grant date fair value	$	16.76	$	15.29	$	17.34
Intrinsic value of awards vested	$	505	$	625	$	183

Compensation Expense Related to Stock Incentive Plans Recognized

The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

	For the Years Ended December 31,
(Dollars in thousands)	2013		2012		2011
Stock-based compensation expense:
Stock options	$	517	$	408	$	301
Restricted stock awards		461		859		587
Employee stock purchase plan		38		36		33
Total	$	1,016	$	1,303	$	921
Tax benefit on nonqualified stock option expense and restricted stock awards	$	162	$	296	$	203