Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

	Six Months Ended June 30,
	2013			2012
Weighted average fair value of grants	$	2.50		$	2.03
Risk-free interest rate		1.86	%		2.03	%
Dividend yield		1.76	%		1.24	%
Expected volatility		23.21	%		22.04	%
Expected life in months		69			68

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2012		183,574	$	9.92
Granted – options		31,257		12.52
Exercised		(1,000)		10.66
Canceled		(8,682)		10.58
Outstanding at June 30, 2013		205,149		10.39		5.60	$	503,193
Exercisable at June 30, 2013		140,902	$	10.26		4.18	$	374,072

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details