STOCK-BASED COMPENSATION PLAN (Tables)

6 Months Ended

Jun. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of the nonvested restricted stock awards outstanding and the assumptions used to estimate the fair value of the awards

The following table summarizes the nonvested restricted stock awards outstanding at June 30, 2012 and the assumptions used to estimate the fair value of the awards:

	Grant Date	Shares Outstanding	Fair Value Per Share		Expected Volatility		Risk-Free Interest Rate
Officers & Key Employees -	Jan. 2010 - TSR	52,404	$	39.020	29.0	%	1.65	%
	Jan. 2011 - TSR	40,227	$	50.940	27.5	%	1.01	%
	Jan. 2012 - TSR	20,389	$	51.230	22.5	%	0.43	%
	Jan. 2012 - EPS	20,389	$	56.930	N/A		N/A
Directors -	Jan. 2010	11,690	$	37.825	—		—
	Jan. 2011	7,332	$	52.940	—		—
	Jan. 2012	8,666	$	56.580	—		—

Expected vola

Summary of the total stock-based compensation cost for the period

The following table summarizes the total stock-based compensation cost for the three and six months ended June 30, 2012 and 2011 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Officers & Key Employees	$	524		$	466		$	1,048		$	932
Directors	228			327			354			457
Total Cost	752			793			1,402			1,389
Capitalized	(58		)	(55		)	(115		)	(110		)
Net Expense	$	694		$	738		$	1,287		$	1,279

As of June 30, 2012, there

Summary of information regarding restricted stock award activity during the period excluding accrued dividend equivalents

The following table summarizes information regarding restricted stock award activity during the six months ended June 30, 2012, excluding accrued dividend equivalents:

	Officers &Other Key Employees		Directors		Weighted Average Fair Value
Nonvested Shares Outstanding, January 1, 2012	92,907		21,914		$	44.112
Granted	40,955		9,904		$	54.567
Canceled/Forfeited	(453	)	—		$	49.430
Vested	—		(4,130	)	$	47.919
Nonvested Shares Outstanding, June 30, 2012	133,409		27,688		$	47.300

During the six m