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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Employee Benefit Plans [Abstract]  
Schedule of Stock Option Activity [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

Shares

 

 

Weighted Average Exercise Price

 

Shares

 

 

Weighted Average Exercise Price

 

Shares

 

 

Weighted Average Exercise Price

Outstanding at beginning of year

90,474 

 

$

18.85 

 

92,953 

 

$

18.83 

 

97,473 

 

$

18.71 

Granted

19,150 

 

 

18.00 

 

16,050 

 

 

17.75 

 

 -

 

 

 -

Exercised

(7,207)

 

 

14.47 

 

(1,890)

 

 

14.37 

 

(1,960)

 

 

14.18 

Forfeited

(4,625)

 

 

17.89 

 

(16,639)

 

 

18.20 

 

(2,560)

 

 

18.15 

Outstanding at end of year

97,792 

 

$

19.04 

 

90,474 

 

$

18.85 

 

92,953 

 

$

18.83 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at year-end

68,361 

 

 

 

 

67,685 

 

 

 

 

78,402 

 

 

 

Weighted-average fair value of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    of options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    during the year

 

 

$

1.98 

 

 

 

$

1.91 

 

 

 

$

 -

Intrinsic value of options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    exercised during the year

 

 

$

24,444 

 

 

 

$

7,070 

 

 

 

$

5,918 

Intrinsic value of options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

outstanding and exercisable at

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

$

37,002 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Stock Option Information by Grant Date [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

Exercisable

Grant Date

Exercise Price

 

Shares

 

Contractual Average Life (Years)

 

 

Shares

 

11/18/2003

15.13 

 

6,182 

 

0.59

 

 

6,182 

 

11/15/2004

20.25 

 

5,684 

 

0.76

 

 

5,684 

 

10/18/2005

24.00 

 

6,566 

 

1.26

 

 

6,566 

 

10/17/2006

21.00 

 

7,879 

 

1.50

 

 

7,879 

 

10/16/2007

20.05 

 

10,777 

 

2.41

 

 

10,777 

 

10/21/2008

21.10 

 

12,552 

 

3.20

 

 

12,072 

 

10/20/2009

17.22 

 

17,252 

 

4.18

 

 

15,250 

 

9/20/2011

17.75 

 

13,850 

 

8.72

 

 

3,951 

 

3/20/2012

18.00 

 

17,050 

 

9.22

 

 

 -

 

 

 

 

97,792 

 

 

 

 

68,361 

 

 

Schedule of Allocation of Plan Assets [Table Text Block]

 

 

 

 

 

 

 

(Level 1)

(Level 2)

(Level 3)

 

 

Quoted Prices in

Significant Other

Significant Other

 

December 31,

Active Markets for

Observable

Unobservable

 

2012

Identical Assets

Inputs

Inputs

Measured at fair value on a recurring basis:

 

 

 

 

U.S. Government and agency securities

$                      199 

$                                - 

$                        199 

$                          - 

Corporate bonds and notes

3,017 

 -

3,017 

 -

Mutual funds

 

 

 

 

Value funds

1,379 
1,379 

 -

 -

Blend funds

1,220 
1,220 

 -

 -

Growth funds

1,932 
1,932 

 -

 -

Common stocks

 -

 -

Money market funds

590 
590 

 -

 -

 

$                   8,340 

$                        5,124 

$                     3,216 

$                          - 

 

 

 

 

 

 

 

(Level 1)

(Level 2)

(Level 3)

 

 

Quoted Prices in

Significant Other

Significant Other

 

December 31,

Active Markets for

Observable

Unobservable

 

2011

Identical Assets

Inputs

Inputs

Measured at fair value on a recurring basis:

 

 

 

 

U.S. Government and agency securities

$                   1,066 

$                                - 

$                     1,066 

$                          - 

Corporate bonds and notes

2,530 

 -

2,530 

 -

Mutual funds

 

 

 

 

Value funds

697 
697 

 -

 -

Blend funds

1,305 
1,305 

 -

 -

Growth funds

2,063 
2,063 

 -

 -

Common stocks

 -

 -

Money market funds

456 
456 

 -

 -

 

$                   8,120 

$                        4,524 

$                     3,596 

$                          - 

 

Schedule of Net Funded Status [Table Text Block]

 

 

 

 

 

 

 

Years ended December 31,

 

 

2012

 

 

2011

Change in projected benefit obligation (PBO)

 

 

 

 

 

PBO at beginning of year

$

10,438 

 

$

9,009 

Service cost

 

222 

 

 

192 

Interest cost

 

451 

 

 

479 

Change in assumptions

 

681 

 

 

1,247 

Curtailment adjustment

 

(1,393)

 

 

 -

Actuarial loss (gain)

 

49 

 

 

(89)

Benefits paid

 

(426)

 

 

(400)

PBO at end of year

$

10,022 

 

$

10,438 

 

 

 

 

 

 

Change in plan assets

 

 

 

 

 

Fair value of plan assets at beginning of year

$

8,625 

 

$

9,225 

Actual return on plan assets, net of expenses

 

879 

 

 

(200)

Benefits paid

 

(426)

 

 

(400)

Fair value of plan assets at end of year

$

9,078 

 

$

8,625 

 

 

 

 

 

 

Funded status, included in other liabilities

$

(944)

 

$

(1,813)

 

 

 

 

 

 

Amounts recognized in accumulated comprehensive loss

 

 

 

 

 

before income taxes consist of:

 

 

 

 

 

Unrecognized actual loss

$

(3,362)

 

$

(4,609)

Unrecognized prior service cost

 

 -

 

 

(58)

Unrecognized net transition asset

 

 

 

 

$

(3,361)

 

$

(4,664)

 

 

 

 

 

 

Accumulated benefit obligation

$

10,022 

 

$

9,061 

 

Components of Net Periodic Pension Cost [Table Text Block]

Pension expense included the following components for the years ended December 31 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

Service cost during the year

$

222 

 

$

192 

 

$

186 

Interest cost on projected benefit obligation

 

451 

 

 

479 

 

 

473 

Expected return on plan assets

 

(591)

 

 

(631)

 

 

(570)

Net accretion (amortization)

 

56 

 

 

(2)

 

 

(2)

Recognized net actuarial loss

 

296 

 

 

152 

 

 

127 

Net periodic benefit cost

 

434 

 

 

190 

 

 

214 

 

 

 

 

 

 

 

 

 

 

 

Net loss (gain)

 

(952)

 

 

1,990 

 

 

554 

Amortization of net loss

 

(296)

 

 

(152)

 

 

(127)

Net (accretion) amortization

 

(56)

 

 

 

 

Total recognized in other comprehensive loss (income)

$

(1,304)

 

$

1,840 

 

$

429 

 

 

 

 

 

 

 

 

 

Total recognized in net periodic benefit cost and other

 

 

 

 

 

 

 

 

comprehensive loss (income)

$

(870)

 

$

2,030 

 

$

643 

 

Schedule of Assumptions Used [Table Text Block]

Assumptions used to determine benefit obligations were:

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

 

2010

Discount rate

 

4.00% 

 

 

4.40% 

 

 

5.50% 

Rate of compensation increase

 

N/A

 

 

3.00 

 

 

4.00 

 

 

Assumptions used to determine the net periodic benefit cost were:

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

2011

 

 

2010

Discount rate

 

4.40% 

 

 

5.50% 

 

 

6.00% 

Expected long-term return on plan assets

 

7.00 

 

 

7.00 

 

 

7.00 

Rate of compensation increase

 

3.00 

 

 

3.00 

 

 

4.00 

 

Schedule of Expected Benefit Payments [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

2014

 

 

2015

 

 

2016

 

 

2017

 

2018-2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated future benefit payments

$

431 

 

$

438 

 

$

432 

 

$

438 

 

$

457 

$

2,808