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Restricted Stock Units
6 Months Ended
Jun. 30, 2011
Restricted Stock Units  
Restricted Stock Units

(15) Restricted Stock Units

Pursuant to its stock incentive plan, the Company may issue restricted stock units (RSUs) to officers of the Company and its subsidiaries. The RSUs generally vest five years from the award date and are subject to other vesting and forfeiture provisions contained in the award agreement. Grants of RSUs are made periodically, generally twice within a five-year period. A summary of RSUs issued in 2011 and 2010 follows (dollars in thousands):

 

     Units      Fair Value  

Six months ended June 30:

     

2011

     42,000       $ 1,328   

2010

     754,500       $ 19,693