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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 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 year ended December 31, 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
 
44,500

 
23.69

 
 
 
 
Outstanding at December 31
 
57,094

 
$
27.96

 
1.4 years
 
$

Exercisable at December 31
 
57,094


$
27.96

 
1.4 years
 
$

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

0.6 years
$
25.41

$26.01
to
$27.74
20,334

1.0 year
27.08

$28.25
to
$28.26
17,632

1.8 years
28.25

$28.57
to
$30.00
16,336

1.7 years
29.17

Total
57,094

1.4 years
$
27.96

The following table summarizes Peoples’ SARs outstanding at December 31, 2013:
 
Exercise Price
Number of Common Shares Subject to SARs Outstanding & Exercisable
Weighted-
Average Remaining Contractual
Life
$23.26
2,000

3.6 years
$23.77
10,582

4.1 years
$29.25
8,710

3.1 years
Total
21,292

3.7 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, 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 December 31
 
21,292

 
$
25.96

 
3.7 years
 
$

Exercisable at December 31
 
21,292

 
$
25.96

 
3.7 years
 
$

Schedule of Restricted Shares Activity
The following summarizes the changes to Peoples’ restricted common shares for the period ended December 31, 2013:
 
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
78,731

$
16.36

 
17,865

$
16.07

Awarded
10,500

21.75

 
72,706

21.82

Released
27,262

16.62

 
3,154

13.14

Forfeited
1,763

16.22

 
2,163

19.97

Outstanding at December 31
60,206

$
17.18

 
85,254

$
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:
(Dollars in thousands)
2013
2012
2011
Total stock-based compensation
$
1,362

$
942

$
310

Recognized tax benefit
(477
)
(330
)
(109
)
Net expense recognized
$
885

$
612

$
201