Share-Based Compensation (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2013 and 2012:

	Three Months						Nine Months
For the Periods Ended September 30,	2013			2012			2013			2012
(in thousands)
Directors Stock Compensation Plan	$	124		$	111		$	354		$	332
Performance Incentive Plan	261			304			892			779
Total compensation expense	385			415			1,246			1,111
Less: tax benefit	(155		)	(166		)	(502		)	(446		)
Share-Based Compensation amounts included in net income	$	230		$	249		$	744		$	665

Stock Options Activity

A summary of the stock activity under the DSCP during the nine months ended September 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 - September 30, 2013	—	—

Summary of Stock Activity under PIP

The table below presents the summary of the stock activity for the PIP for the nine months ended September 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—September 30, 2013	80,761	$	42.30