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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Share-based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following summarizes the changes to Peoples' outstanding stock options for the year ended December 31, 2014:
 
 
Number of Common Shares Subject to Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life
 
Aggregate Intrinsic Value
Outstanding at January 1
 
57,094

 
$
27.96

 
 
 
 
Exercised
 
2,792

 
25.41

 
 
 
 
Expired
 
15,725

 
28.08

 
 
 
 
Outstanding at December 31
 
38,577

 
$
28.09

 
0.8 years
 
$

Exercisable at December 31
 
38,577


$
28.09

 
0.8 years
 
$

Schedule of Stock Options Outstanding & Exercisable by Exercise Price Range
The following table summarizes Peoples’ stock options outstanding at December 31, 2014:
 
Options Outstanding & Exercisable
Range of Exercise Prices
Common Shares Subject to Options Outstanding
Weighted-Average Remaining Contractual Life
Weighted-Average
Exercise Price
$26.01
to
$27.74
13,680

0.2 years
$
26.86

$28.25
to
$28.26
13,697

1.1 years
28.25

$28.57
to
$30.00
11,200

1.3 years
29.40

Total
38,577

0.8 years
$
28.09

The following table summarizes Peoples’ SARs outstanding at December 31, 2014:
 
Exercise Price
Number of Common Shares Subject to SARs Outstanding & Exercisable
Weighted-
Average Remaining Contractual
Life
$23.26
2,000

2.6 years
$23.77
10,582

2.9 years
$29.25
8,710

2.0 years
Total
21,292

2.5 years
Schedule of Stock Appreciation Rights Outstanding & Exercisable by Exercise Price
The following summarizes the changes to Peoples' outstanding SARs for the year ended December 31, 2014:
 
 
Number of Common Shares Subject to SARs
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining Contractual
Life
 
Aggregate Intrinsic
 Value
Outstanding at January 1
 
21,292

 
$
25.96

 
 
 
 
Outstanding at December 31
 
21,292

 
$
25.96

 
2.5 years
 
$
28,000

Exercisable at December 31
 
21,292

 
$
25.96

 
2.5 years
 
$
28,000

Schedule of Restricted Shares Activity
The following summarizes the changes to Peoples’ outstanding restricted common shares for the year ended December 31, 2014:
 
Time Vesting
 
Performance Vesting
 
Number of Common Shares
Weighted-Average Grant Date Fair Value
 
Number of Common Shares
Weighted-Average Grant Date Fair Value
Outstanding at January 1
60,206

$
17.18

 
85,254

$
20.98

Awarded
18,412

24.60

 
83,514

21.68

Released
31,027

18.07

 
37,746

19.93

Forfeited


 
5,943

21.73

Outstanding at December 31
47,591

$
19.48

 
125,079

$
21.73

 
Summary of Stock-Based Compensation and Related Tax Benefit
The following summarizes the amount of stock-based compensation expense and related tax benefit recognized at December 31:
(Dollars in thousands)
2014
2013
2012
Total stock-based compensation
$
2,111

$
1,362

$
942

Recognized tax benefit
(739
)
(477
)
(330
)
Net expense recognized
$
1,372

$
885

$
612