Stock Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2015

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of stock options granted during the nine months ended September 30, 2015 was determined at the date of grant using the Black-Scholes stock option-pricing model and the following assumptions:

	Nine Months ended
		September 30, 2015		September 30, 2014
Expected average risk-free rate		2.04	%	1.51	%
Expected average life		10.00 years		7.44 years
Expected volatility		42.00	%	44.62	%
Expected dividend yield		2.10	%	2.22	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Following is activity under the plans during the nine months ended September 30, 2015:

Stock options	Options Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in 000’s)
Options outstanding, January 1, 2015		173,720	$	20.80
Forfeited or cancelled		(5,100)		25.36
Exercised		(81,800)		22.00
Granted		6,250		32.94
Options outstanding, September 30, 2015		93,070	$	20.32		3.54	$	1,512
Vested or expected to vest at September 30, 2015		93,070	$	20.32		3.54	$	1,512
Exercisable at September 30, 2015		78,420	$	18.60		2.56	$	1,409

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

There was approximately $318,000 included within other liabilities at September 30, 2015 related to the STIP.

 

	Restricted Stock Units				Stock Grants
			Weighted-Average				Weighted-Average
			Grant Date				Grant Date
Unvested Shares	Shares		Fair Value		Shares		Fair Value
Unvested at January 1, 2015		91,812	$	21.00		5,767	$	25.97
Granted		24,757		32.30		15,506		19.91
Vested		(12,846)		17.20		(12,846)		17.20
Forfeited		(29,178)		19.48		-		-
Unvested at September 30, 2015		74,545	$	25.86		8,427	$	28.19