Stock Options (Tables)

12 Months Ended

Dec. 31, 2013

Following is a summary of activity in the Restricted Stock Units for the periods indicated:



	2013				2012				2011
	Shares		Exercise Price*		Shares		Exercise Price*		Shares		Exercise Price*
Options outstanding at beginning of year	11,375		$	24.24	19,750		$	22.96	9,000		$	15.86
Granted	4,224		42.70		—		—		13,500		26.08
Exercised	(4,875	)	22.07		(6,125	)	21.13		(2,750	)	15.06
Cancelled	—		—		(2,250	)	21.45		—		—
Options outstanding at end of year	10,724		32.49		11,375		24.24		19,750		22.96

Qualified Stock Options

Following is a summary of activity in the Incentive Stock Option Plans for the periods indicated:



	2013				2012				2011
	Shares		Exercise Price*		Shares		Exercise Price*		Shares		Exercise Price*
Options outstanding at beginning of year	330,730		$	21.82	377,480		$	19.27	360,130		$	18.29
Granted	49,000		42.70		61,000		32.76		35,000		26.45
Exercised	(81,880	)	16.77		(99,650	)	19.26		(15,650	)	12.03
Canceled	(5,500	)	24.24		(8,100	)	17.20		(2,000	)	24.69
Options outstanding at end of year	292,350		26.68		330,730		21.82		377,480		19.27
Options exercisable at end of year	154,950		$	21.57	192,830		$	19.48	243,180		$	19.32
Options available for grant at end of year	66,100				109,600				162,500

*Weighted Averages

Options outstanding and exercisable at December 31, 2013 were as follows:



Qualified Stock Options	Options Outstanding				Options Exercisable
	Shares	Remaining Contractual Life (yrs)*	Exercise Price*		Shares	Exercise Price*
Range of Exercise Price
$11.45 - $17.85	54,550	5.07	$	11.80	38,350	$	11.95
$19.79 - $32.76	188,800	5.77	$	26.83	116,600	$	24.73
$42.70 - $42.70	49,000	9.35	$	42.70	—	$	—
Total	292,350				154,950

*Weighted Averages

Non Qualified Options

Following is a summary of activity in the Non-Qualified Stock Option Plans for the periods indicated:



	2013			2012				2011
	Shares	Exercise Price*		Shares		Exercise Price*		Shares		Exercise Price*
Options outstanding at beginning of year	89,700	$	19.91	112,800		$	18.62	102,400		$	15.62
Granted	25,000	42.70		—		—		30,000		26.45
Exercised	—	—		(23,100	)	13.62		(14,600	)	11.45
Cancelled	—	—		—		—		(5,000	)	25.18
Options outstanding at end of year	114,700	24.87		89,700		19.91		112,800		18.62
Options exercisable at end of year	57,900	$	19.89	38,100		$	21.91	37,400		$	19.57
Options available for grant at end of year	293,526			322,750				32,500

*Weighted Averages

Options outstanding and exercisable as of December 31, 2013 were as follows:



Non-Qualified Stock Options	Options Outstanding				Options Exercisable
	Shares	Remaining Contractual Life(yrs)*	Exercise Price*		Shares	Exercise Price*
Range of Exercise Price
$11.45 - $17.85	37,200	5.36	$	11.45	23,400	$	11.45
$19.79 - $32.76	52,500	5.61	25.90		34,500	25.61
$42.70 - $42.70	25,000	9.35	$	42.70	—	$	—
Total	114,700				57,900

*Weighted Averages