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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Assumptions Used To Determine Fair Value of Stock Options
The following assumptions were used to determine the fair value of stock options as of the grant date to determine compensation expense for the years ended December 31, 2013, 2012, and 2011:
Stock Options:
2013

2012

2011
Grant date fair value

$5.59



$4.42



$4.01

Expected life of options
8 years


8 years


8 years

Risk-free interest rate
2.30
%

1.30
%

1.40
%
Dividend yield rate
2.90
%

2.80
%

2.83
%
Price volatility
28.89
%

28.51
%

28.56
%
Stock Options Activity
The following table summarizes stock options activity during 2013
 
 Number of Shares

Weighted Average Exercise Price

Weighted Average Remaining Contractual Life, in Years
 


 


Outstanding at January 1, 2013
203,125



$20.76


 
Granted
13,843


23.74


 
Forfeited




 
Exercised
(11,482
)

14.38


 
Outstanding at December 31, 2013
205,486



$21.32


4.63
Restricted Stock Unit Activity
The following table summarizes restricted stock unit activity during 2013:
 
 Number of Shares

Weighted Average Grant Date Fair Value

Weighted Average Remaining Contractual Life, in Years
 


 


Outstanding at January 1, 2013
64,177



$18.96


 
Granted
21,712


23.74


 
Vested
(26,771
)

18.26


 
Forfeited




 
Outstanding at December 31, 2013
59,118



$21.03


1.93