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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Stock Options Valuation Assumptions



 

 

 

 

 

 

 

 

 

 

 

 



 

2016

 

2015

 

2014

Dividend Yield

 

 

2.88 

%

 

 

2.93 

%

 

 

2.70 

%

Expected Life (years)

 

 

6.77 

 

 

 

6.36 

 

 

 

6.36 

 

Expected Volatility

 

 

17.25 

%

 

 

19.62 

%

 

 

20.76 

%

Risk-free Interest Rate

 

 

1.78 

%

 

 

1.90 

%

 

 

2.11 

%

Weighted Average Fair Value

 

$

3.05 

 

 

$

3.49 

 

 

$

3.64 

 



Schedule Of Stock Options Activity



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Options

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term (years)

 

Aggregate Intrinsic Value
(in thousands)

Balance, December 31, 2015

 

 

214,295 

 

 

$

17.30 

 

 

 

 

 

 

 

 

 

Granted

 

 

49,550 

 

 

 

25.00 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(6,050)

 

 

 

16.60 

 

 

 

 

 

 

 

 

 

Expired

 

 

(645)

 

 

 

22.93 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(5,448)

 

 

 

24.49 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2016

 

 

251,702 

 

 

$

18.66 

 

 

 

5.75 

 

 

$

3,229 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, December 31, 2016

 

 

164,390 

 

 

$

15.73 

 

 

 

4.27 

 

 

$

2,585 

 



Schedule Of Restricted Stock Award Activity



 

 

 

 

 

 



 

 

 

 

 

 



 

 

Shares

 

Weighted Average Grant Date Fair Value

Balance, December 31, 2015

 

 

33,690 

 

$

21.98 

Granted

 

 

22,308 

 

 

24.89 

Vested

 

 

(14,629)

 

 

22.09 

Forfeited

 

 

(2,201)

 

 

24.41 

Balance, December 31, 2016

 

 

39,168 

 

$

23.68 



Schedule Of Activity Under Share Based Compensation Plans



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

2016

 

2015

 

2014



 

(in thousands)

Total intrinsic value of stock options exercised

 

$

92 

 

$

409 

 

$

287 

Total fair value of restricted stock awards vested

 

$

349 

 

$

287 

 

$

273 



Schedule Of Employee Stock Purchase Plan Valuation Assumptions



 

 

 

 

 

 

 

 

 

 

 

 



 

2016

 

2015

 

2014

Dividend Yield

 

 

2.93 

%

 

 

3.01 

%

 

 

2.95 

%

Expected Life (years)

 

 

0.50 

 

 

 

0.50 

 

 

 

0.50 

 

Expected Volatility

 

 

22.97 

%

 

 

16.47 

%

 

 

22.41 

%

Risk-free Interest Rate

 

 

0.43 

%

 

 

0.19 

%

 

 

0.08 

%

Weighted Average Fair Value

 

$

7.71 

 

 

$

6.92 

 

 

$

6.56 

 



Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Unrecognized Compensation Cost



 

 

 



 

 

 



 

(in thousands)

2017

 

$

86 

2018

 

 

70 

2019

 

 

41 

2020

 

 



Restricted Stock [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Unrecognized Compensation Cost



 

 

 



 

 

 



 

(in thousands)

2017

 

$

270 

2018

 

 

211 

2019

 

 

124 

2020

 

 

22