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Stock Option Plans (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity

   2015  2014
           
Options outstanding  at the          
beginning of the year   1,357,813    1,236,063 
Options granted   47,000    214,500 
Options forfeited   (39,375)   (2,500)
Options exercised   (97,636)   (90,250)
Options outstanding at          
the end of the year   1,267,802    1,357,813 
Options exercisable at the          
end of the year   970,017    880,743 
Common stock available for future grants at the end of the year   201,350    36,475 
Weighted average exercise price per share:          
 Granted  $18.90   $16.68 
    Forfeited   15.65    14.22 
 Exercised   12.79    12.62 
 Outstanding   12.46    12.35 
 Exercisable   11.72    11.53 

 

Summary of Options Outstanding

    Options Outstanding   Options Exercisable
Range of Exercise Prices Number Outstanding Weighted- Average Remaining Contractual Life (Years) Weighted- Average Exercise Price   Number Exercisable Weighted- Average Exercise Price
$6.81 to $10.25 463,595 5  $          9.45   448,435  $        9.43
$10.26 to $13.62 291,250 5 11.69   242,250 11.80
$13.63 to $15.33 271,457 5 14.32   195,707 14.51
$15.34 to $19.50 241,500 6 17.09     83,625 17.28
             
  1,267,802       970,017  

 

Assumptions Used to Value Option Grants

    2015 2014
Expected life in years   5 5
Interest rate   1.33 – 1.62% 1.53 – 1.77%
Volatility   .234-.252 .245-.282
Dividend yield   1.95% - 2.10% 2.0%