Employee Benefits and Stock Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The impact of shared-based compensation on the Company’s financial results for the following periods: 

	Year Ended December 31,
	2015			2014		2013
	(In thousands)
Share-based compensation expense	$	2,859	$	1,299	$	246
Income tax benefit		(963)		(501)		(95)
Reduction to net income	$	1,896	$	798	$	151

Schedule of Unrecognized Compensation Cost, Nonvested Awards

The total unrecognized compensation cost and the weighted-average period over which unrecognized compensation cost is expected to be recognized related to non-vested share-based compensation arrangements at December 31, 2015 is presented below:

(Dollars in thousands)	Unrecognized Compensation Cost		Weighted-Average Period Remaining (Years)
Restricted stock	$	3,794	2.7
Stock options		542	1.8
Total	$	4,336	2.5

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Information regarding restricted stock for the following periods is summarized below:

	Year Ended December 31,
	2015		2014		2013
	(Dollars in thousands, except per share amounts)
Shares granted		250,934		27,692		195,000
Weighted-average grant date fair value	$	13.42	$	10.19	$	11.00
Fair value of awards vested (1)		836		1,455		133

(1) Based on grant date fair value

Schedule of Nonvested Share Activity

A summary of the status of the Company’s non-vested restricted stock as of December 31, 2014, and changes during the year then ended, is presented below:

(In thousands, except per share amounts)	Shares		Weighted- Average Grant-Date Fair Value
Non-vested at January 1, 2014		361,035	$	9.89
Granted		250,934		13.42
Converted		93,688		10.45
Forfeited/Canceled		(8,039)		10.81
Vested		(60,849)		13.74
Non-vested at December 31, 2014		636,769		10.98

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

The Company estimated the fair value of each option grant on the date of grant using the Black-Scholes options-pricing model with the following weighted-average assumptions:

	Year Ended December 31,
	2015			2014			2013
Risk-free interest rates		1.65	%		2.7	%		2.5	%
Expected dividend yield		0	%		0	%		0	%
Expected volatility		15.5	%		17.0	%		26.5	%
Expected lives (years)		5.0			5.0			5.0

Schedule of Stock Options Roll Forward

Information regarding stock options as of December 31, 2015, and changes during the year ended are presented below: 

(Dollars in thousands, except share and per share data)	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate  Intrinsic Value
Outstanding at January 1, 2015		492,997	$	18.72		8.7	$	1,311
Granted		63,650		12.63		0		0
Exercised		0		0		0		0
Forfeited		0		0		0		0
Outstanding at December 31, 2015		556,647		18.02		7.6		2,099
Exercisable at December 31, 2015		255,616	$	26.25		7.1	$	912

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes information related to stock options:

	Year Ended December 31,
(Dollars in thousands, except share and per share data)	2015		2014		2013
Options granted		63,650		413,000		49,200
Weighted-average grant date fair value	$	2.21	$	2.26	$	3.10
Proceeds from stock options exercised		0		0		0
Tax benefit recognized from stock options exercised		0		0		0
Intrinsic value of stock options exercised		0		0		0

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table provides information related to options as of December 31, 2015:

Range of Exercise Prices	Options Outstanding		Remaining contractual Life	Shares Exercisable		Remaining Contractual Life	Weighted Average Exercise Price*
$10.50 to $10.80		400,000	8.3 yrs		188,889	8.2 yrs	$	10.70
$10.81 to $13.00		119,250	7.4 yrs		29,330	7.6 yrs	$	11.44
$110.00 to $120.00		28,537	1.3 yrs		28,537	1.3 yrs	$	111.09
$120.01 to $140.00		8,860	0.4 yrs		8,860	0.4 yrs	$	133.60
Total		556,647	7.6 yrs		255,616	7.1 yrs	$	18.02

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity

The Employee Stock Purchase Plan (“ESPP”), as amended, was approved by shareholders on April 25, 1989, and additional shares authorized for issuance by shareholders on June 18, 2009 and May 2, 2013. Under the ESPP, the Company is authorized to issue up to 300,000 common shares of the Company to eligible employees of the Company.  These shares may be purchased by employees at a price equal to 95% of the fair market value of the shares on the purchase date.  Purchases under the ESPP are made monthly.  Employee contributions to the ESPP are made through payroll deductions.

	Year Ended December 31,
	2015		2014		2013
ESPP shares purchased		9,083		13,294		18,536
Weighted-average employee purchase price	$	13.99	$	10.63	$	10.20