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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2013
Share-based Compensation [Abstract]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below:
 
Six months ended June 30,
 
2013
 
2012
Options
 
Weighted-Average Exercise Price
 
Options
 
Weighted-Average Exercise Price
Outstanding at January 1
289,544

 
$
34.38

 
293,817

 
$
33.95

Granted
15,475

 
37.74

 
16,876

 
35.39

Exercised
(62,685
)
 
32.89

 
(16,899
)
 
28.87

Forfeited
(1,500
)
 
36.90

 
(1,500
)
 
34.73

Outstanding at June 30
240,834

 
$
34.96

 
292,294

 
$
34.32

Stock Options Outstanding And Exercisable
Additional information regarding stock options outstanding and exercisable at June 30, 2013, is provided in the following table:
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
102,483

$
31.25

45
$
789

52,565

$
32.28

21
$
350

$35.09 - $40.88
138,351

37.71

63
209

90,000

38.61

40
69

 
240,834

 

 
$
998

142,565

 

 
$
419

Weighted Average Assumptions Estimate The Fair Value Of Options Granted
 The following weighted average assumptions were used to estimate the fair value of options granted:

 
Six months ended June 30,
 
2013
 
2012
Risk-free interest rate
1.88
%
 
2.51
%
Expected dividend yield
3.70
%
 
3.90
%
Volatility factor
41.35
%
 
48.40
%
Expected life of option
8.0 years
 
5.0 years
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
Six months ended June 30,
 
2013
 
2012
Restricted Awards
 
Average Market Price at Grant
 
Restricted Awards
 
Average Market Price at Grant
Outstanding at January 1
116,711

 
 
 
108,209

 
 
Granted
32,083

 
$
37.57

 
23,336

 
$
34.94

Forfeited/Vested
(8,075
)
 
 

 
(12,900
)
 
 

Outstanding at June 30
140,719

 
 

 
118,645

 
 

Net Periodic Pension Cost Of The Defined Benefit Plan
The following table presents the components of the net periodic pension cost of the Defined Benefit Plans (in thousands):


Three months ended June 30,
 
Six months ended June 30,
2013
 
2012
 
2013
 
2012
Components of net periodic cost:
 
 
 
 
 
 
 
Interest cost
$
186

 
$
159

 
$
332

 
$
318

Expected return on plan assets
(233
)
 
(202
)
 
(419
)
 
(404
)
Net amortization and deferral
245

 
174

 
465

 
348

Net Periodic Pension Cost
$
198

 
$
131

 
$
378

 
$
262