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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Activity under stock option plans
The following is a summary of the activity under the Company’s stock option plans for the periods presented:

 
Three Months Ended June 30, 2013
 
Six Months Ended June 30, 2013
 
Shares
 
Weighted Average Exercise Price
 
Shares
 
Weighted Average Exercise Price
 
 
 
 
Balance, Beginning of Period
68,400

 
$22.63
 
68,400

 
$22.63
Options Granted

 
 

 
Options Exercised

 
 

 
Options Forfeited

 
 

 
Balance, End Of Period
68,400

 
$22.63
 
68,400

 
$22.63
 
 
 
 
 
 
 
 
Options Exercisable
47,500

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options Available For Grant
50,000

 
 
 
 
 
 

 
Three Months Ended June 30, 2012
 
Six Months Ended June 30, 2012
 
Shares
 
Weighted Average Exercise Price
 
Shares
 
Weighted Average Exercise Price
 
 
 
 
Balance, Beginning of Period
72,900

 
$22.62
 
74,900

 
$22.61
Options Granted

 
 

 
Options Exercised

 
 

 
Options Forfeited

 
 
(2,000
)
 
22.02
Balance, End Of Period
72,900

 
$22.62
 
72,900

 
$22.62
 
 
 
 
 
 
 
 
Options Exercisable
44,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options Available For Grant
50,000

 
 
 
 
 
 
Options outstanding
At June 30, 2013, the Company had the following options outstanding:
 
 
 
 
 
 
 
Grant Date
 
Outstanding Options
 
Option Price
 
Expiration Date
09/01/03
 
2,400
 
$24.00
 
08/31/13
 
 
 
 
 
 
 
12/01/03
 
3,000
 
$23.65
 
11/30/13
 
 
 
 
 
 
 
01/01/04
 
5,000
 
$24.22
 
12/31/13
 
 
 
 
 
 
 
03/08/04
 
7,000
 
$21.43
 
03/08/14
 
 
 
 
 
 
 
06/07/04
 
2,000
 
$24.00
 
06/07/14
 
 
 
 
 
 
 
01/01/05
 
18,000
 
$20.55
 
12/31/14
 
 
 
 
 
 
 
01/01/06
 
4,000
 
$23.91
 
01/01/16
 
 
 
 
 
 
 
08/24/06
 
3,500
 
$23.03
 
08/24/16
 
 
 
 
 
 
 
05/24/07
 
2,000
 
$24.34
 
05/24/17
 
 
 
 
 
 
 
07/09/07
 
1,000
 
$24.61
 
07/09/17
 
 
 
 
 
 
 
10/01/07
 
2,000
 
$24.28
 
10/01/17
 
 
 
 
 
 
 
01/01/08
 
14,000
 
$23.49
 
01/01/18
 
 
 
 
 
 
 
05/19/08
 
2,500
 
$22.91
 
05/19/18
 
 
 
 
 
 
 
07/01/08
 
2,000
 
$22.91
 
07/01/18