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Stock Purchase Plans (Tables)
12 Months Ended
Dec. 31, 2016
Stock Purchase Plans [Abstract]  
Schedule Of Share-based Compensation, Stock Options, Activity







 

 

 

 

 

 

 

(Dollars in thousands except share and per share data)

 

 

 

 

 

 

 



ESPP

 

Weighted Average

 

 

Aggregate 



Options

 

Price Per Share

 

 

Intrinsic Value

Balance Outstanding at December 31, 2013

32,279 

 

$

15.24 

 

 

 

Granted

27,596 

 

 

18.91 

 

 

 

Exercised

(3,793)

 

 

15.55 

 

 

 

Expired

(30,112)

 

 

15.40 

 

 

 

Balance Outstanding at December 31, 2014

25,970 

 

$

18.91 

 

 

 

Granted

23,379 

 

 

23.42 

 

 

 

Exercised

(4,794)

 

 

19.17 

 

 

 

Expired

(22,269)

 

 

19.08 

 

 

 

Balance Outstanding at December 31, 2015

22,286 

 

$

23.42 

 

$

Granted

24,434 

 

 

22.46 

 

 

 

Exercised

(907)

 

 

22.66 

 

 

 

Expired

(23,060)

 

 

23.38 

 

 

 

Balance Outstanding at December 31, 2016

22,753 

 

$

22.46 

 

$

140 



 

 

 

 

 

 

 

Shares available for future grants at December 31, 2016

209,988 

 

 

 

 

 

 







 

 

 

 

 

 

 



ISOP

 

Weighted Average

 

 

 



Options

 

Price Per Share

 

 

 

Balance Outstanding at December 31, 2013

55,825 

 

$

24.21 

 

 

 

Granted

 -

 

 

 -

 

 

 

Exercised

 -

 

 

 -

 

 

 

Forfeited

(11,750)

 

 

27.67 

 

 

 

Balance Outstanding at December 31, 2014

44,075 

 

$

$23.29 

 

 

 

Granted

17,500 

 

 

22.05 

 

 

 

Exercised

 -

 

 

 -

 

 

 

Forfeited

(8,500)

 

 

25.29 

 

 

 

Balance Outstanding at December 31, 2015

53,075 

 

$

$22.56 

 

$

50 

Granted

24,450 

 

 

21.27 

 

 

 

Exercised

(3,800)

 

 

16.25 

 

 

 

Forfeited

(15,000)

 

 

24.14 

 

 

 

Balance Outstanding at December 31, 2016

58,725 

 

$

$22.03 

 

$

386 



 

 

 

 

 

 

 

Shares available for future grants at December 31, 2016

317,427 

 

 

 

 

 

 



Share-based Compensation Arrangement By Share-based Payment Award, Options, Vested And Expected To Vest, Outstanding And Exercisable



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

Options

 

 

 

 

 

 

Weighted



 

Outstanding

 

Exercise Price or

 

Weighted Average

 

Average Remaining

Stock Option Plan

 

and Exercisable

 

Price Range

 

Exercise Price

 

Life (years)

Employee Stock Purchase Plan

 

22,753 

 

$22.46 

 

$

22.46 

 

0.5



 

 

 

 

 

 

 

 

 

Incentive Stock Option Plan

 

5,500 

 

$16.11 

 

$

16.11 

 

2.2

Incentive Stock Option Plan

 

37,350 

 

21.27 - 22.05

 

 

21.56 

 

8.8

Incentive Stock Option Plan

 

9,675 

 

23.77 

 

 

23.77 

 

1.1

Incentive Stock Option Plan

 

6,200 

 

27.37 

 

 

27.37 

 

0.1

ISOP Total/Average

 

58,725 

 

 

 

$

22.03 

 

6.0



Valuation Assumptions Using Black-Scholes Method



 

 

 

 

 

 

 

 

 



 

2016

 

2015

 

2014



 

 

 

 

 

 

 

 

 

Incentive Stock Option Plan

 

 

 

 

 

 

 

 

 

Options granted

 

 

24,450 

 

 

17,500 

 

 

 -

Risk-free interest rate

 

 

1.22% 

 

 

1.47% 

 

 

-

Expected volatility of the Corporation's stock

 

 

25.76% 

 

 

28.64% 

 

 

-

Expected dividend yield

 

 

3.23% 

 

 

3.09% 

 

 

-

Expected life (in years)

 

 

5.25 

 

 

5.25 

 

 

-

Weighted average fair value of options granted

 

$

3.58 

 

$

4.22 

 

$

 -



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Compensation expense included in net income

 

 

 

 

 

 

 

 

 

ESPP

 

$

 -

 

$

 -

 

$

 -

ISOP

 

 

88 

 

 

74 

 

 

-

Total compensation expense included in net income

 

$

88 

 

$

74 

 

$

 -