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Stock Plans (Tables)
12 Months Ended
Dec. 31, 2016
Stock Plans [Abstract]  
Summary Of Weighted-Average Fair-Value And Vesting Of Restricted Stock Grants



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



2016

 

2015

 

2014



 

 

Weighted-

 

 

 

Weighted-

 

 

 

Weighted-



 

 

average

 

 

 

average

 

 

 

average



Shares

 

grant date

 

Shares

 

grant date

 

Shares

 

grant date



granted

 

fair value

 

granted

 

fair value

 

granted

 

fair value



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Director plan

5,600 

(1)

$

32.40 

 

3,200 

(1)

$

32.25 

 

2,000 

(1)

$

27.00 

Omnibus plan

3,155 

(3)

 

29.22 

 

3,300 

(2)

 

32.25 

 

2,120 

(2)

 

27.00 

Omnibus plan

50 

(1)

 

31.50 

 

50 

(1)

 

32.50 

 

 

 

 

 

Omnibus plan

 -

 

 

 -

 

1,400 

(2)

 

34.25 

 

 

 

 

 

Total

8,805 

 

$

31.26 

 

7,950 

 

$

32.60 

 

4,120 

 

$

27.00 

 (1) Vest after 1 year  (2) Vest after 4 years – 25% each year  (3) Vest after 3 years – 33% each year

Schedule Of Non-Vested Restricted Stock Units Activity



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



2012 Stock incentive plans



Director

 

Omnibus

 

Total

 

 

Weighted- average grant date fair value

Non-vested balance at December 31, 2013

8,000 

 

5,000 

 

13,000 

 

$

21.20 

Granted

2,000 

 

2,120 

 

4,120 

 

 

27.00 

Vested

(4,000)

 

(1,250)

 

(5,250)

 

 

21.20 

Non-vested balance at December 31, 2014

6,000 

 

5,870 

 

11,870 

 

$

23.21 

Granted

3,200 

 

4,750 

 

7,950 

 

 

32.60 

Vested

(6,000)

 

(1,780)

 

(7,780)

 

 

23.90 

Non-vested balance at December 31, 2015

3,200 

 

8,840 

 

12,040 

 

$

29.50 

Granted

5,600 

 

3,205 

 

8,805 

 

 

31.26 

Vested

(3,200)

 

(3,005)

 

(6,205)

 

 

29.69 

Non-vested balance at December 31, 2016

5,600 

 

9,040 

 

14,640 

 

$

30.47 



 

 

 

 

 

 

 

 



Schedule Of SSARs Activity



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

Awards

 

 

Weighted-average grant date fair value

 

Weighted-average remaining contractual term (years)

Outstanding December 31, 2015

 

 -

 

 

 -

 

 -

Granted

 

19,341 

 

$

5.21 

 

10.0 

Exercised

 

 -

 

 

 -

 

 

Forfeited

 

 -

 

 

 -

 

 

Outstanding December 31, 2016

 

19,341 

 

$

5.21 

 

9.1 



 

 

 

 

 

 

 

None of the SSARs were exercisable at December 31, 2016. SSARs vest over a three year period – 33% per year.

Schedule Of Compensation Cost For Share-Based Payment Arrangements, Allocation Of Share-Based Compensation Costs By Plan



 

 

 

 

 

 

 

 



 

 

 

 



Years ended December 31,

(dollars in thousands)

2016

 

2015

 

2014

Stock-based compensation expense:

 

 

 

 

 

 

 

 

Director stock incentive plan

$

174 

 

$

107 

 

$

134 

Omnibus stock incentive plan

 

141 

 

 

74 

 

 

40 

Employee stock purchase plan

 

15 

 

 

44 

 

 

33 

Total stock-based compensation expense

$

330 

 

$

225 

 

$

207 

In addition, during 2016 the Company accrued $0.2 million in stock-based compensation expense for restricted stock and SSARs to be awarded under the Omnibus Plan.  The Company did not accrue stock-based compensation expense during 2015 or 2014.

Schedule Of Unrecognized Compensation Cost, Non-Vested Awards





 

 



As of

(dollars in thousands)

December 31, 2016

Unrecognized stock-based compensation expense:

 

 

Director plan

$

15 

Omnibus plan

 

235 

Total unrecognized stock-based compensation expense

$

250 

The unrecognized stock-based compensation expense as of December 31, 2016 will be recognized ratably over the periods ended January 2017 and May 2019 for the Director Plan and the Omnibus Plan, respectively.

Summary Of Stock Option Activity



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

Options

 

 

Weighted-average exercise price

 

Weighted-average remaining contractual term (years)

Outstanding and exercisable, December 31, 2013

 

19,500 

 

$

28.69 

 

4.0 

Granted

 

 -

 

 

 -

 

 

Exercised

 

 -

 

 

 -

 

 

Forfeited

 

(500)

 

 

28.90 

 

 

Outstanding and exercisable, December 31, 2014

 

19,000 

 

 

28.69 

 

3.0 

Granted

 

 -

 

 

 -

 

 

Exercised

 

(3,500)

 

 

28.90 

 

 

Forfeited

 

 -

 

 

 -

 

 

Outstanding and exercisable, December 31, 2015

 

15,500 

 

 

28.64 

 

2.0 

Granted

 

 -

 

 

 -

 

 

Exercised

 

(500)

 

 

27.75 

 

 

Forfeited

 

 -

 

 

 -

 

 

Outstanding and exercisable, December 31, 2016

 

15,000 

 

$

28.67 

 

1.0