STOCK-BASED COMPENSATION PLAN (Tables)

9 Months Ended

Sep. 30, 2013

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 September 30, 2013 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. 2011 - TSR	39,971	$	50.94	27.5	%	1.01	%
	Jan. 2012 - TSR	19,930	$	51.23	22.5	%	0.43	%
	Jan. 2012 - EPS	19,930	$	56.93	N/A		N/A
	Jan. 2013 - TSR	27,426	$	44.38	21.1	%	0.40	%
	Jan. 2013 - EPS	27,426	$	51.18	N/A		N/A
Directors -	Jan. 2011	7,332	$	52.94	—		—
	Jan. 2013	12,285	$	51.74	—		—

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 nine months ended September 30, 2013 and 2012 (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Officers & Key Employees	$	565		$	524		$	1,696		$	1,572
Directors	191			110			574			464
Total Cost	756			634			2,270			2,036
Capitalized	(59		)	(58		)	(178		)	(173		)
Net Expense	$	697		$	576		$	2,092		$	1,863

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 nine months ended September 30, 2013, excluding accrued dividend equivalents:

	Officers &Other Key Employees		Directors		Weighted Average Fair Value
Nonvested Shares Outstanding, January 1, 2013	81,005		27,688		$	51.29
Granted	56,464		12,285		$	48.49
Cancelled/Forfeited	(2,786	)	—		$	50.15
Vested	—		(20,356	)	$	45.81
Nonvested Shares Outstanding, September 30, 2013	134,683		19,617		$	50.58