Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2015

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Option Pricing Assumptions and Estimated Fair Value

The following table presents the option pricing assumptions and the estimated fair value of the options using these assumptions for grants made for the years ended:

	December 31,
	2015			2014			2013
Weighted-average dividend yield	3.01		%	2.90		%	2.40		%
Weighted-average risk-free interest rate	1.50		%	1.65		%	1.60		%
Weighted-average expected volatility	31.85		%	35.39		%	52.32		%
Weighted-average expected life (in years)	5.3			5.3			5.3
Weighted-average fair value of options granted	$	8.81		$	8.92		$	15.97

Schedule of Stock Option Activity

Stock option activity for the year ended December 31, 2015 is as follows:

	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Options outstanding at January 1, 2015	94,250		$	33.44
Granted	2,500		39.85
Issued(1)	92,688		18.00
Exercised	(36,671	)	26.39
Forfeited and expired	(6,500	)	36.51
Options outstanding at December 31, 2015	146,267		$	25.40	4.7	$	2,739
Options exercisable at December 31, 2015	134,667		$	24.48	4.5	$	2,646

(1) Non-qualified stock options issued in conjunction with the SBM acquisition. Refer to Note 2.

Summary of Nonvested Stock Options

A summary of the status of the Company’s nonvested stock options as of December 31, 2015 and changes during the year then ended is presented below:

	Awards		Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2015	21,100		$	11.77
Granted	2,500		8.81
Vested	(10,000	)	12.02
Forfeited	(2,000	)	10.33
Nonvested at December 31, 2015	11,600		$	11.10

Summary of Activity Related to Restricted Stock Awards and Stock Purchase Grants

The following table presents a summary of the activity related to restricted stock, restricted stock units and MSPP for the period indicated:

	Restricted Stock and Restricted Stock Units				MSPP
	Number of Shares		Weighted-Average Grant Date Fair Value		Number of Shares		Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2015	10,957		$	36.96	12,105		$	11.97
Granted	24,889		40.82		9,379		11.53
Vested	(9,168	)	37.16		(7,798	)	11.79
Forfeited	(1,068	)	37.04		(1,145	)	11.81
Nonvested at December 31, 2015	25,610		$	40.64	12,541		$	11.77

Summary of Activity Related to Long-term Performance Share Plan

The following table presents a summary of the activity related to LTIP for the period indicated:

	Number of Shares		Weighted-Average Grant Date Fair Value
Nonvested at January 1, 2015	42,778		$	38.92
Granted	24,561		39.20
Vested	(11,184	)	36.81
Forfeited	(13,378	)	37.56
Nonvested at December 31, 2015	42,777		$	40.06

Restricted Stock Awards and Management Stock Purchase Plan [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Compensation Expense

Compensation expense recognized in connection with the restricted stock units, restricted stock awards, and MSPP is presented in the following table:

	For The Years Ended December 31,
	2015		2014		2013
Restricted stock and restricted stock units	$	327	$	254	$	149
MSPP	66		67		73
Total compensation expense	$	393	$	321	$	222
Related income tax benefit	$	137	$	112	$	78
Fair value of grants vested	$	433	$	332	$	229

Long-Term Performance Share Plan [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Compensation Expense

Compensation expense recognized in connection with the LTIP is presented in the following table:

	For The Years Ended December 31,
	2015		2014		2013
Compensation expense	$	330	$	151	$	200
Related income tax benefit	$	116	$	53	$	70
Fair value of grants vested	$	412	$	—	$	497