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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2014
Share-based Compensation [Abstract]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below:
 
Three months ended March 31,
 
2014
 
2013
Options
 
Weighted-Average Exercise Price
 
Options
 
Weighted-Average Exercise Price
Outstanding at January 1
173,601

 
$
35.26

 
289,544

 
$
34.38

Granted
13,953

 
44.43

 
15,475

 
37.74

Exercised
(7,000
)
 
28.39

 
(42,250
)
 
33.06

Forfeited

 

 
(1,500
)
 
36.90

Outstanding at March 31
180,554

 
$
36.23

 
261,269

 
$
34.77

Stock Options Outstanding And Exercisable
Additional information regarding stock options outstanding and exercisable at March 31, 2014, is provided in the following table:
Ranges of Exercise Prices
No. of Options Outstanding
Weighted-Average Exercise Price
Weighted-Average Remaining Contractual Life (Years)
Aggregate Intrinsic Value (in thousands)
No. of Options Currently Exercisable
Weighted-Average Exercise Price of Options Currently Exercisable
Weighted-Average Remaining Contractual Life (Years)
Aggregate Intrinsic Value of Options Currently Exercisable (in thousands)
$26.62 - $33.90
51,750

$
30.47

4.5
$
821

26,332

$
30.44

3.4
$
419

$35.09 - $44.43
128,804

38.54

5.6
1,003

66,500

39.13

2.8
479

 
180,554

 

 
$
1,824

92,832

 

 
$
898

Weighted Average Assumptions Estimate The Fair Value Of Options Granted
 The following weighted average assumptions were used to estimate the fair value of options granted:

 
Three months ended March 31,
 
2014
 
2013
Risk-free interest rate
2.42
%
 
1.88
%
Expected dividend yield
3.60
%
 
3.70
%
Volatility factor
48.75
%
 
41.35
%
Expected life of option
8.0 years
 
8.0 years
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
Three months ended March 31,
 
2014
 
2013
Restricted Awards
 
Average Market Price at Grant
 
Restricted Awards
 
Average Market Price at Grant
Outstanding at January 1
142,469

 
 
 
116,711

 
 
Granted
24,262

 
$
44.47

 
11,633

 
$
37.74

Forfeited/Vested
(6,200
)
 
 

 
(2,425
)
 
 

Outstanding at March 31
160,531

 
 

 
125,919

 
 

Net Periodic Pension Cost Of The Defined Benefit Plan
The following table presents the components of the net periodic pension cost of the Defined Benefit Plans (in thousands):

 
Three months ended March 31,
 
2014
 
2013
 
Components of net periodic cost:
 
 
 
 
Interest cost
$
217

 
$
224

 
Service cost

 
116

 
Expected return on plan assets
(276
)
 
(269
)
 
Net amortization and deferral
238

 
258

 
Net Periodic Pension Cost
$
179

 
$
329