Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Stock-Based Compensation [Abstract]

Schedule of Weighted Average Assumptions Used for Estimating the Grant-Date Fair Value of Each Option Grant

The fair value of stock options granted during the six months ended June 30, 2016 and 2015 were established at the date of grant using a Black-Scholes option pricing model with the weighted average assumptions as follows:

	Six Months Ended June 30
	2016			2015
Expected dividend yield		3.72	%		3.72	%
Risk-free interest rate		1.45	%		1.54	%
Expected volatility		30.77	%		30.77	%
Expected term (in years)		7.0			7.0
Weighted average fair value of options	$	6.80		$	6.60