Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Share-based Compensation [Abstract]

Schedule of Stock Options Outstanding & Exercisable by Exercise Price Range

The following table summarizes Peoples’ stock options outstanding at September 30, 2012:

			Options Outstanding & Exercisable
Range of Exercise Prices			Common Shares Subject to Options Outstanding	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price
$15.55	to	$21.71	4,043	0.5	$	21.71
$21.72	to	$23.58	28,993	0.5	22.32
$23.59	to	$25.94	4,892	1.1	24.83
$26.01	to	$27.74	25,710	1.9	27.03
$28.25	to	$28.26	18,573	3.3	28.25
$28.57	to	$30.00	21,483	2.5	29.09
Total			103,694	1.8	$	26.05

Schedule of Stock Appreciation Rights Outstanding & Exercisable by Exercise Price

The following table summarizes Peoples’ SARs outstanding at September 30, 2012:

Exercise Price	Number of Common Shares Subject to SARs Outstanding & Exercisable	Weighted- Average Remaining Contractual Life
$23.26	2,000	4.8
$23.77	11,509	5.4
$29.25	9,340	4.4
Total	22,849	4.9

Schedule of Restricted Shares Activity

The following summarizes the changes to Peoples’ restricted common shares for the period ended September 30, 2012:

	Time Vesting			Performance Vesting
	Number of Shares	Weighted-Average Grant Date Fair Value		Number of Shares	Weighted-Average Grant Date Fair Value
Outstanding at January 1	26,544	$	12.89	3,363	$	13.14
Awarded	45,628	14.44		15,360	16.76
Released	4,000	12.15		—	—
Forfeited	2,379	15.20		858	16.98
Outstanding at September 30	65,793	$	13.93	17,865	$	16.07

Summary of Stock-Based Compensation and Related Tax Benefit

The following summarizes the amount of stock-based compensation expense and related tax benefit recognized:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2012			2011			2012			2011
Total stock-based compensation	$	117		$	90		$	602		$	186
Recognized tax benefit	(41		)	(31		)	(211		)	(65		)
Net expense recognized	$	76		$	59		$	391		$	121