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Stock Purchase Plans (Tables)
12 Months Ended
Dec. 31, 2015
Stock Purchase Plans [Abstract]  
Schedule Of Share-based Compensation, Stock Options, Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands except share and per share data)

 

 

 

 

 

 

 

 

ESPP

 

Weighted Average

 

 

Aggregate 

 

Options

 

Price Per Share

 

 

Intrinsic Value

Balance Outstanding at December 31, 2012

37,627 

 

$

12.64 

 

 

 

Granted

34,417 

 

 

15.24 

 

 

 

Exercised

(4,007)

 

 

12.84 

 

 

 

Expired

(35,758)

 

 

12.77 

 

 

 

Balance Outstanding at December 31, 2013

32,279 

 

$

15.24 

 

 

 

Granted

27,596 

 

 

18.91 

 

 

 

Exercised

(3,793)

 

 

15.55 

 

 

 

Expired

(30,112)

 

 

15.40 

 

 

 

Balance Outstanding at December 31, 2014

25,970 

 

$

18.91 

 

 

 

Granted

23,379 

 

 

23.42 

 

 

 

Exercised

(4,794)

 

 

19.17 

 

 

 

Expired

(22,269)

 

 

19.08 

 

 

 

Balance Outstanding at December 31, 2015

22,286 

 

$

23.42 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ISOP

 

Weighted Average

 

 

 

 

Options

 

Price Per Share

 

 

 

Balance Outstanding at December 31, 2012

62,324 

 

$

23.93 

 

 

 

Granted

 -

 

 

 -

 

 

 

Exercised

 -

 

 

 -

 

 

 

Forfeited

(6,499)

 

 

21.51 

 

 

 

Balance Outstanding at December 31, 2013

55,825 

 

$

$24.21 

 

 

 

Granted

 -

 

 

 -

 

 

 

Exercised

 -

 

 

 -

 

 

 

Forfeited

(11,750)

 

 

27.67 

 

 

 

Balance Outstanding at December 31, 2014

44,075 

 

$

$23.29 

 

 

 

Granted

17,500 

 

 

22.05 

 

 

 

Exercised

 -

 

 

 -

 

 

 

Forfeited

(8,500)

 

 

25.29 

 

 

 

Balance Outstanding at December 31, 2015

53,075 

 

$

$22.56 

 

$

50 

 

Share-based Compensation Arrangement By Share-based Payment Award, Options, Vested And Expected To Vest, Outstanding And Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options

 

 

 

 

 

 

Weighted

 

 

Outstanding

 

Exercise Price or

 

Weighted Average

 

Average Remaining

Stock Option Plan

 

and Exercisable

 

Price Range

 

Exercise Price

 

Life (years)

Employee Stock Purchase Plan

 

22,286 

 

$23.42 

 

$

23.42 

 

0.5

 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plan

 

9,200 

 

$16.11 

 

$

16.11 

 

3.2

Incentive Stock Option Plan

 

17,500 

 

$22.05 

 

 

22.05 

 

9.2

Incentive Stock Option Plan

 

13,425 

 

$23.77 

 

 

23.77 

 

2.1

Incentive Stock Option Plan

 

12,950 

 

$24.67 - $27.68

 

 

26.57 

 

0.8

ISOP Total/Average

 

53,075 

 

 

 

$

22.56 

 

4.3

 

Valuation Assumptions Using Black-Scholes Method

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

Incentive Stock Option Plan

 

 

 

 

 

 

 

 

 

Options granted

 

 

17,500 

 

 

 -

 

 

 -

Risk-free interest rate

 

 

1.47% 

 

 

-

 

 

-

Expected volatility of the Corporation's stock

 

 

28.64% 

 

 

-

 

 

-

Expected dividend yield

 

 

3.09% 

 

 

-

 

 

-

Expected life (in years)

 

 

5.25 

 

 

-

 

 

-

Weighted average fair value of options granted

 

$

4.22 

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Compensation expense included in net income

 

 

 

 

 

 

 

 

 

ESPP

 

$

 -

 

$

 -

 

$

 -

ISOP

 

 

74 

 

 

-

 

 

-

Total compensation expense included in net income

 

$

74 

 

$

 -

 

$

 -