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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 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:
 
Six months ended June 30,
 
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
(19,000
)
 
29.13

 
(62,685
)
 
32.89

Forfeited

 

 
(1,500
)
 
36.90

Outstanding at June 30
168,554

 
$
36.71

 
240,834

 
$
34.96

Stock Options Outstanding And Exercisable
Additional information regarding stock options outstanding and exercisable at June 30, 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
40,250

$
30.83

4.1
$
575

19,332

$
30.46

2.7
$
283

$35.09 - $44.43
128,304

38.55

5.3
843

66,000

39.15

2.6
394

 
168,554

 

 
$
1,418

85,332

 

 
$
677

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:

 
Six months ended June 30,
 
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:
 
Six months ended June 30,
 
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
25,062

 
$
43.05

 
32,083

 
$
37.57

Forfeited/Vested
(6,200
)
 
 

 
(8,075
)
 
 

Outstanding at June 30
161,331

 
 

 
140,719

 
 

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 June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
 
Components of net periodic cost:
 
 
 
 
 
 
 
 
Interest cost
$
209

 
$
186

 
$
425

 
$
332

 
Expected return on plan assets
(252
)
 
(233
)
 
(527
)
 
(419
)
 
Net amortization and deferral
150

 
245

 
388

 
465

 
Net Periodic Pension Cost
$
107

 
$
198

 
$
286

 
$
378