Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Amounts Included in Net Income

The table below presents the amounts included in net income related to share-based compensation expense for the awards granted under the DSCP and the PIP for the three and six months ended June 30, 2013 and 2012:

	Three Months						Six Months
For the Periods Ended June 30,	2013			2012			2013			2012
(in thousands)
Directors Stock Compensation Plan	$	120		$	111		$	231		$	222
Performance Incentive Plan	341			240			630			475
Total compensation expense	461			351			861			697
Less: tax benefit	(186		)	(141		)	(347		)	(280		)
Share-Based Compensation amounts included in net income	$	275		$	210		$	514		$	417

Stock Options Activity

A summary of the stock activity under the DSCP during the six months ended June 30, 2013 is presented below.

	Number of Shares	Weighted Average Grant date Fair Value
Outstanding - December 31, 2012	—	—
Granted	9,427	$	52.49
Vested	9,427	$	52.49
Forfeited	—	—
Outstanding - June 30, 2013	—	—

Summary of Stock Activity under PIP

The table below presents the summary of the stock activity for the PIP for the six months ended June 30, 2013:

	Number of Shares	Weighted Average Fair Value
Outstanding—December 31, 2012	84,645	$	37.86
Granted	23,491	$	44.85
Vested	24,332	$	33.26
Expired	3,043	$	39.12
Outstanding—June 30, 2013	80,761	$	42.39