Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Assumptions

The following weighted average assumptions were used to determine the fair value of the stock options granted on the original grant date for expense recognition purposes for options granted during December 31, 2013, 2012 and 2011 using a Black Scholes-Merton Model:

	2013		2012		2011
Director and Officers:
Expected dividend yield	1.19	%	1.22	%	N/A
Expected volatility	47.08	%	47.54	%	N/A
Risk-free interest rate	1.55	%	1.19	%	N/A
Expected life (in years)	7		7		N/A
Employees:
Expected dividend yield	1.14	%	1.22	%	1.19	%
Expected volatility	45.92	%	45.99	%	45.22	%
Risk-free interest rate	1.40	%	1.19	%	1.41	%
Expected life (in years)	8		8		8

Summary of Stock Options Outstanding

The following is a summary of stock options vested and exercisable as of December 31, 2013:

		Weighted Average	Weighted
Range of	Number	Remaining	Average
Exercise	of	Contractual	Exercise		Intrinsic
Prices	Shares	Life	Price		Value
					(in thousands)
$4.81 - 10.34	281,335	4.09	$	7.28	$	6,941
$10.70 - 12.25	42,150	7.45	10.86		889
$12.98 - 14.01	65,258	8.38	12.98		1,238
Total	388,743	5.17	$	8.62	$	9,068

The following is a summary of stock options vested and exercisable as of December 31, 2012:

		Weighted Average	Weighted
Range of	Number	Remaining	Average
Exercise	of	Contractual	Exercise		Intrinsic
Prices	Shares	Life	Price		Value
					(in thousands)
$4.81 - 6.47	99,525	2.86	$	5.36	$	851
$6.81 - 8.65	202,575	5.22	7.19		1,362
$9.13 - 12.20	75,150	7.86	10.42		263
Total	377,250	5.12	$	7.35	$	2,476

The following is a summary of stock options vested and exercisable as of December 31, 2011:

		Weighted Average	Weighted
Range of	Number	Remaining	Average
Exercise	of	Contractual	Exercise		Intrinsic
Prices	Shares	Life	Price		Value
					(in thousands)
$4.30 - 4.81	122,775	2.42	$	4.61	$	1,111
$5.02 - 7.11	230,850	5.00	6.37		1,682
$7.17 - 9.19	171,300	5.13	8.08		957
$10.34 - 12.20	24,300	8.50	10.61		74
Total	549,225	4.62	$	6.70	$	3,824

Summary of Stock Option Activity

A summary of option activity under the plan is as follows:

			Weighted Average Exercise
Options	Shares		Price
Outstanding at December 31, 2012	1,115,513		$	10.15
Granted	47,500		17.70
Exercised	(180,935	)	8.11
Forfeited or Expired	(50,025	)	11.82
Outstanding at December 31, 2013	932,053		$	10.84
Exercisable at December 31, 2013	388,743		$	8.62

Summary of Unvested Restricted Stock Awards

A summary of the unvested restricted stock awards is as follows:

			Weighted Average Grant date
Restricted stock	Shares		Fair Value
Unvested at December 31, 2012	96,116		$	12.11
Granted	98,429		23.42
Vested	(35,876	)	12.17
Forfeited	(1,315	)	13.95
Unvested at December 31, 2013	157,354		$	19.16

Summary of Grant Date Fair Value of Awards During Period

	2013		2012		2011
Grant date fair value of awards during the period:	(in thousands)
Options	$	841	$	2,569	$	632
Restricted stock	2,306		830		325
Total	$	3,147	$	3,399	$	957

Summary of Share-Based Compensation Expense

	2013		2012		2011
Share-based compensation expense:	(in thousands)
Options	$	1,170	$	958	$	389
Restricted stock	593		336		291
Total	$	1,763	$	1,294	$	680

Summary of Income Tax Benefit Related to Share-Based Compensation

	2013		2012		2011
Income tax benefit related to share-based compensation:	(in thousands)
Options	$	715	$	370	$	154
Restricted stock	128		23		57
Total	$	843	$	393	$	211