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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
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 period ended June 30, 2013:
 
 
Number of Common Shares Subject to Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life
 
Aggregate Intrinsic Value
Outstanding at January 1
 
101,594

 
$
26.09

 
 
 
 
Expired
 
38,990

 
23.09

 
 
 
 
Outstanding at June 30
 
62,604

 
$
27.95

 
1.8 years
 
$

Exercisable at June 30
 
62,604

 
$
27.95

 
1.8 years
 
$

Schedule of Stock Options Outstanding & Exercisable by Exercise Price Range
The following table summarizes Peoples’ stock options outstanding at June 30, 2013:
 
Options Outstanding & Exercisable
Range of Exercise Prices
Common Shares Subject to Options Outstanding
Weighted-Average Remaining Contractual Life
Weighted-Average
Exercise Price
$23.59
to
$25.94
2,792

1.1 years
25.41

$26.01
to
$27.74
22,644

1.3 years
27.05

$28.25
to
$28.26
17,632

2.5 years
28.25

$28.57
to
$30.00
19,536

1.9 years
29.10

Total
62,604

1.8 years
$
27.95

The following table summarizes Peoples’ SARs outstanding at June 30, 2013:
 
Exercise Price
Number of Common Shares Subject to SARs Outstanding & Exercisable
Weighted-
Average Remaining Contractual
Life
$23.26
2,000

4.1 years
$23.77
10,582

4.6 years
$29.25
8,710

3.6 years
Total
21,292

4.2 years
Schedule of Stock Appreciation Rights Outstanding & Exercisable by Exercise Price
The following summarizes the changes to Peoples' SARs for the period ended June 30, 2013:
 
 
Number of Common Shares Subject to SARs
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining Contractual
Life
 
Aggregate Intrinsic
 Value
Outstanding at January 1
 
22,849

 
$
25.85

 
 
 
 
Forfeited
 
1,557

 
25.99

 
 
 
 
Outstanding at June 30
 
21,292

 
$
25.96

 
4.2 years
 
$

Exercisable at June 30
 
21,292

 
$
25.96

 
4.2 years
 
$

Schedule of Restricted Shares Activity
The following summarizes the changes to Peoples’ restricted common shares for the period ended June 30, 2013:
 
Time-Based Vesting
 
Performance-Based Vesting
 
Number of Shares
Weighted-Average Grant Date Fair Value
 
Number of Shares
Weighted-Average Grant Date Fair Value
Outstanding at January 1
78,731

$
16.36

 
17,865

$
16.07

Awarded
5,500

21.67

 
72,706

21.82

Released
14,512

13.93

 
3,154

13.14

Forfeited
601

15.87

 
912

18.75

Outstanding at June 30
69,118

$
17.29

 
86,505

$
20.98

 
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
 
Six Months Ended
 
June 30,
 
June 30,
(Dollars in thousands)
2013
2012
 
2013
2012
Total stock-based compensation
$
386

$
259

 
$
683

$
485

Recognized tax benefit
(135
)
(91
)
 
(239
)
(170
)
Net expense recognized
$
251

$
168

 
$
444

$
315