STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Activity Under Stock Option Plan

The following table is a summary of the activity under both the BancFirst ISOP and the BancFirst Directors’ Stock Option Plan:

	Options			Wgtd. Avg. Exercise Price		Wgtd. Avg. Remaining Contractual Term			Aggregate Intrinsic Value
	(Dollars in thousands, except per share data)
Three Months Ended March 31, 2014
Outstanding at December 31, 2013		1,158,317		$	34.45
Options granted		—			—
Options exercised		(28,750	)		30.10
Options canceled, forfeited or expired		—			—
Outstanding at March 31, 2014		1,129,567			34.56		8.63	Yrs	$	24,931
Exercisable at March 31, 2014		538,667			28.01		6.19	Yrs	$	15,415

Options Granted and Options Exercised Under Stock Option Plan

The following table has additional information regarding options granted and options exercised under both the BancFirst ISOP and the BancFirst Directors’ Stock Option Plan:

	Three Months Ended March 31,
	2014		2013
	(Dollars in thousands)
Weighted average grant-date fair value per share of options granted	$	—	$	—
Total intrinsic value of options exercised		745		206
Cash received from options exercised		865		142
Tax benefit realized from options exercised		288		80

Stock-based Employee Compensation Expense

The following table is a summary of the Company’s recorded stock-based compensation expense:

	Three Months Ended March 31,
	2014		2013
	(Dollars in thousands)
Stock-based compensation expense	$	347	$	374
Tax benefit		134		145
Stock-based compensation expense, net of tax	$	213	$	229

Remaining Fair Value of Stock Options

The Company will continue to amortize the remaining fair value of stock options over the remaining vesting period of approximately seven years. The following table shows the remaining fair value of stock options:

	March 31, 2014
	(Dollars in thousands)
Fair value of stock options	$	4,778