Stock Options (Tables)

12 Months Ended

Dec. 31, 2015

Following is a summary of activity in the Restricted Stock Units for the periods indicated:



	2015				2014				2013
	Shares		Exercise Price*		Shares		Exercise Price*		Shares		Exercise Price*
Options outstanding at beginning of year	12,043		$	44.10	10,724		$	32.49	11,375		$	24.24
Granted	26,004		54.14		6,000		53.51		4,224		42.70
Exercised	(5,431	)	36.85		(4,681	)	29.56		(4,875	)	22.07
Cancelled	—		—		—		—		—		—
Options outstanding at end of year	32,616		53.31		12,043		44.10		10,724		32.49

*Weighted Averages

Following is a summary of activity in the Incentive Stock Option Plans for the periods indicated:



	2015				2014				2013
	Shares		Exercise Price*		Shares		Exercise Price*		Shares		Exercise Price*
Options outstanding at beginning of year	301,800		$	30.73	292,350		$	26.68	330,730		$	21.82
Granted	29,500		53.95		48,250		52.67		49,000		42.70
Exercised	(75,355	)	26.11		(27,700	)	24.33		(81,880	)	16.77
Canceled	(1,750	)	53.61		(11,100	)	35.42		(5,500	)	24.24
Options outstanding at end of year	254,195		34.64		301,800		30.73		292,350		26.68
Options exercisable at end of year	143,345		$	25.69	172,450		$	22.30	154,950		$	21.57
Options available for grant at end of year	370,750				28,950				66,100

*Weighted Averages

Options outstanding and exercisable at December 31, 2015 were as follows:



Qualified Stock Options	Options Outstanding				Options Exercisable
	Shares	Remaining Contractual Life (yrs)*	Exercise Price*		Shares	Exercise Price*
Range of Exercise Price
$11.45 - $22.39	43,225	2.99	$	12.72	43,225	$	12.72
$22.55 - $42.70	138,970	5.40	$	31.88	91,570	$	29.30
$49.44 - $54.24	72,000	8.83	$	53.12	8,550	$	52.56
Total	254,195				143,345

*Weighted Averages

Following is a summary of activity in the Non-Qualified Stock Option Plans for the periods indicated:



	2015				2014				2013
	Shares		Exercise Price*		Shares		Exercise Price*		Shares	Exercise Price*
Options outstanding at beginning of year	132,100		$	31.30	114,700		$	24.87	89,700	$	19.91
Granted	—		—		29,000		53.51		25,000	42.70
Exercised	(4,800	)	11.45		(11,600	)	23.29		—	—
Cancelled	—		—		—		—		—	—
Options outstanding at end of year	127,300		32.05		132,100		31.30		114,700	24.87
Options exercisable at end of year	83,100		$	24.54	71,100		$	19.85	57,900	$	19.89
Options available for grant at end of year	232,522				258,526				293,526

*Weighted Averages

Options outstanding and exercisable as of December 31, 2015 were as follows:



Non-Qualified Stock Options	Options Outstanding				Options Exercisable
	Shares	Remaining Contractual Life (yrs)*	Exercise Price*		Shares	Exercise Price*
Range of Exercise Price
$11.45 - $22.39	30,800	3.36	$	11.45	30,800	$	11.45
$22.55 - $42.70	67,500	5.33	32.23		46,500	29.59
$49.44 - $54.24	29,000	8.37	$	53.51	5,800	$	53.51
Total	127,300				83,100

*Weighted Averages