XML 68 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2017
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 was determined at the date of grant using the Black-Scholes stock option-pricing model and the following assumptions:
 
 
 
Twelve Months Ended
 
 
 
December 31, 
2017
 
December 31,
2016
 
Expected average risk-free rate
 
 
-
 
 
2.05
%
Expected average life
 
 
-
 
 
8.96 years
 
Expected volatility
 
 
-
 
 
41.00
%
Expected dividend yield
 
 
-
 
 
2.33
%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
Following is activity under the plans during 2017:
 
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, 2017
 
 
54,750
 
$
22.21
 
 
 
 
 
 
 
Forfeited or cancelled
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
(11,550)
 
 
24.41
 
 
 
 
 
 
 
Granted
 
 
-
 
 
-
 
 
 
 
 
 
 
Options outstanding, December 31, 2017
 
 
43,200
 
$
21.62
 
 
3.15
 
$
1,311
 
Vested or expected to vest at December 31, 2017
 
 
43,200
 
$
21.62
 
 
3.15
 
$
1,311
 
Exercisable at December 31, 2017
 
 
31,100
 
$
17.31
 
 
1.62
 
$
1,078
 
Schedule Of Share Based Compensation Stock Options Plans [Table Text Block]
Information related to the stock option plans follows:
 
 
 
Year Ended December 31
 
 
 
2017
 
2016
 
2015
 
 
 
(In Thousands, except per share amounts)
 
Intrinsic value of options exercised
 
$
301
 
$
752
 
$
1,069
 
Cash received from option exercises
 
 
199
 
 
714
 
 
1,469
 
Tax benefit realized from option exercises
 
 
54
 
 
165
 
 
160
 
Weighted average fair value of options granted
 
$
-
 
$
13.95
 
$
13.13
 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
Total expense of $2.0 million, $1.3 million and $1.1 million was recorded during the years ended December 31, 2017, 2016 and 2015, respectively, and approximately $774,000 and $773,000 is included within other liabilities at December 31, 2017 and 2016, respectively, related to the STIPs and LTIPs.
 
 
 
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, 2017
 
 
75,468
 
$
32.31
 
 
11,161
 
$
32.30
 
Granted
 
 
23,384
 
 
50.56
 
 
27,755
 
 
33.24
 
Vested
 
 
(19,219)
 
 
25.77
 
 
(27,358)
 
 
26.92
 
Forfeited
 
 
(7,095)
 
 
26.17
 
 
(1,022)
 
 
37.02
 
Unvested at December 31, 2017
 
 
72,538
 
$
40.52
 
 
10,536
 
$
50.56