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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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 September 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
 
42,500

 
23.46

 
 
 
 
Outstanding at September 30
 
59,094

 
$
27.98

 
1.7 years
 
$

Exercisable at September 30
 
59,094

 
$
27.98

 
1.7 years
 
$

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

0.9 years
$
25.41

$26.01
to
$27.74
20,334

1.2 years
27.08

$28.25
to
$28.26
17,632

2.3 years
28.25

$28.57
to
$30.00
18,336

1.7 years
29.10

Total
59,094

1.7 years
$
27.98

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

3.8 years
$23.77
10,582

4.4 years
$29.25
8,710

3.4 years
Total
21,292

3.9 years
Schedule of Stock Appreciation Rights Outstanding & Exercisable by Exercise Price
The following summarizes the changes to Peoples' SARs for the period ended September 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

 
$
25.97

 
 
 
 
Forfeited
 
1,557

 
25.99

 
 
 
 
Outstanding at September 30
 
21,292

 
$
25.96

 
3.9 years
 
$

Exercisable at September 30
 
21,292

 
$
25.96

 
3.9 years
 
$

Schedule of Restricted Shares Activity
The following summarizes the changes to Peoples’ restricted common shares for the period ended September 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
6,500

21.65

 
72,706

21.82

Released
22,262

15.59

 
3,154

13.14

Forfeited
1,638

16.16

 
1,412

19.84

Outstanding at September 30
61,331

$
17.20

 
86,005

$
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
 
Nine Months Ended
 
September 30,
 
September 30,
(Dollars in thousands)
2013
2012
 
2013
2012
Total stock-based compensation
$
369

$
117

 
$
1,052

$
602

Recognized tax benefit
(129
)
(41
)
 
(368
)
(211
)
Net expense recognized
$
240

$
76

 
$
684

$
391