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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2012
Employee Benefit Plans [Abstract]  
Summary Of Stock Option Activity

 

 

 

 

 

 

2012

2011

 

 

 

Options

Weighted-Average Exercise Price

 

 

Options

Weighted-Average Exercise Price

 

 

 

 

 

Outstanding at January 1

293,817

$    33.95

287,393

$    33.64

Granted

16,876

35.39

16,000

35.09

Exercised

(16,899)

28.87

(5,476)

28.00

Forfeited

(1,500)

34.73

-

-

Outstanding at June 30

292,294

$    34.32

297,917

$    33.83

 

 

 

 

 

Stock Options Outstanding And Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

Ranges of Exercise Prices

 

 

 

 

 

No. of Options Outstanding

 

 

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Life (Months)

 

 

 

 

Aggregate Intrinsic Value (in thousands)

 

 

 

 

No. of Options Currently Exercisable

 

Weighted-Average Exercise Price of Options Currently Exercisable

 

 

Weighted-Average Remaining Contractual Life (Months)

Aggregate Intrinsic Value of Options Currently Exercisable (in thousands)

$26.62 - $33.90

167,918

$31.82

45

$318

116,584

$32.57

29

$    135

$35.09 - $40.88

124,376

37.70

68

-

69,000

38.11

49

-

 

292,294

$34.32

55

$318

185,584

34.63

36

$   135

 

 

 

 

 

 

 

 

 

Weighted Average Assumptions Estimate The Fair Value Of Options Granted

 

 

 

 

2012

2011

 

 

 

Risk-free interest rate

2.51%

3.07%

Expected dividend yield

3.90%

3.88%

Volatility factor

48.40%

41.12%

Expected life of option

5.0 years

8.0 years

 

 

 

Restricted Shares Activity And Related Information

 

 

 

 

 

 

2012

2011

 

Restricted

Awards

Average Market Price at Grant

Restricted

Awards

Average Market Price at Grant

 

 

 

 

 

Outstanding at January 1

108,209

 

96,060

 

Granted

23,336

$    34.94

14,050

$    35.07

Forfeited/Vested

(12,900)

 

(1,318)

 

Outstanding at June 30

118,645

 

108,792

 

Net Periodic Pension Cost Of The Defined Benefit Plan

 

 

 

 

 

 

Three months ended June 30

 

Six months ended June 30

 

(In thousands)

2012

2011

2012

2011

 

 

 

 

 

Components of net periodic cost:

 

 

 

 

Interest cost

  $          159

  $          162

  $          318

  $          324

Expected return on plan assets

(202)

(203)

(404)

(406)

Net amortization and deferral

174

137

348

274

Net Periodic Pension Cost

  $          131

  $            96

  $          262

  $          192