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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2015
Share-based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the changes to Peoples' stock options for the three months ended March 31, 2015:
 
 
Number of Common Shares Subject to Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life
 
Aggregate Intrinsic Value
Outstanding at January 1
 
38,577

 
$
28.09

 
 
 
 
Expired
 
8,482

 
27.38

 
 
 
 
Outstanding at March 31
 
30,095

 
$
28.29

 
0.8 years
 
$

Exercisable at March 31
 
30,095

 
$
28.29

 
0.8 years
 
$

Schedule of Stock Options Outstanding & Exercisable by Exercise Price Range
The following table summarizes Peoples’ SARs outstanding at March 31, 2015:
 
Exercise Price
Number of Common Shares Subject to SARs Outstanding & Exercisable
Weighted-
Average Remaining Contractual
Life
$23.26
2,000

2.3 years
$23.77
10,582

2.7 years
$29.25
8,710

1.8 years
Total
21,292

2.3 years
The following table summarizes Peoples’ stock options outstanding at March 31, 2015:
 
Options Outstanding & Exercisable
Range of Exercise Prices
Common Shares Subject to Options Outstanding & Exercisable
Weighted-Average Remaining Contractual Life
Weighted-Average
Exercise Price
$26.01
to
$27.74
5,198

0.0 years
$
26.01

$28.25
to
$28.26
13,697

0.9 years
28.25

$28.57
to
$30.00
11,200

1.1 years
29.40

Total
30,095

0.8 years
$
28.29

Schedule of Stock Appreciation Rights Outstanding & Exercisable by Exercise Price
The following table summarizes the changes to Peoples' SARs for the three months ended March 31, 2015:
 
 
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 March 31
 
21,292

 
$
25.96

 
2.3 years
 
$
1,000

Exercisable at March 31
 
21,292

 
$
25.96

 
2.3 years
 
$
1,000

Schedule of Restricted Shares Activity
The following table summarizes the changes to Peoples’ restricted common shares for the three months ended March 31, 2015:
 
Time-Based Vesting
 
Performance-Based 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
47,591

$
19.48

 
125,079

$
21.73

Awarded


 
107,961

23.63

Released
23,712

15.70

 
49,058

21.74

Forfeited
500

15.64

 
425

21.79

Outstanding at March 31
23,379

$
23.39

 
183,557

$
22.84

 
Summary of Stock-Based Compensation and Related Tax Benefit
The following table summarizes the amount of stock-based compensation expense and related tax benefit recognized:
 
Three Months Ended
 
March 31,
(Dollars in thousands)
2015
2014
Total stock-based compensation
$
565

$
490

Recognized tax benefit
(198
)
(172
)
Net expense recognized
$
367

$
318