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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Share-based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following summarizes the changes to Peoples' stock options for the year ended December 31, 2012:
 
 
Number of Common Shares Subject to Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life
 
Aggregate Intrinsic Value
Outstanding at January 1
 
150,602

 
$
25.55

 
 
 
 
Expired
 
49,008

 
24.45

 
 
 
 
Outstanding at December 31
 
101,594

 
$
26.09

 
1.6 years
 
$

Exercisable at December 31
 
101,594


$
26.09

 
1.6 years
 
$

Schedule of Stock Options Outstanding & Exercisable by Exercise Price Range
The following table summarizes Peoples’ stock options outstanding at December 31, 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

0.2 years
$
21.71

$21.72
to
$23.58
28,993

0.2 years
22.32

$23.59
to
$25.94
2,792

1.6 years
25.41

$26.01
to
$27.74
25,710

1.7 years
27.03

$28.25
to
$28.26
18,573

3.0 years
28.25

$28.57
to
$30.00
21,483

2.2 years
29.09

Total
101,594

1.6 years
$
26.09

The following table summarizes Peoples’ SARs outstanding at December 31, 2012:
 
Exercise Price
Number of Common Shares Subject to SARs Outstanding & Exercisable
Weighted-
Average Remaining Contractual
Life
$23.26
2,000

4.6 years
$23.77
11,509

5.1 years
$29.25
9,340

4.1 years
Total
22,849

4.7 years
Schedule of Stock Appreciation Rights Outstanding & Exercisable by Exercise Price
The following summarizes the changes to Peoples' SARs for the year ended December 31, 2012:
 
 
Number of Common Shares Subject to SARs
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining Contractual
Life
 
Aggregate Intrinsic
 Value
Outstanding at January 1
 
29,075

 
$
25.85

 
 
 
 
Forfeited
 
6,226

 
25.43

 
 
 
 
Outstanding at December 31
 
22,849

 
$
25.97

 
4.7 years
 
$

Exercisable at December 31
 
22,849

 
$
25.97

 
4.7 years
 
$

Schedule of Restricted Shares Activity
The following summarizes the changes to Peoples’ restricted common shares for the period ended December 31, 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
60,628

17.53

 
15,360

16.76

Released
4,000

12.15

 


Forfeited
4,441

15.49

 
858

16.98

Outstanding at December 31
78,731

$
16.36

 
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:
(Dollars in thousands)
2012
2011
2010
Total stock-based compensation
$
942

$
310

$
92

Recognized tax benefit
(330
)
(109
)
(32
)
Net expense recognized
$
612

$
201

$
60