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Stock Options (Tables)
12 Months Ended
Dec. 31, 2012
Stock Options  
Schedule of Black-Scholes-Merton option valuation model assumptions

 

 

 
  2012   2011  

Expected Life (Years)

    7.63     6.13  

Dividend yield

    2.33 %   2.58 %

Interest rate

    1.58 %   1.39 %

Volatility

    47.30 %   49.21 %
Summary of option activity under stock option plans

 

 

 
  Number of
options
  Weighted
average
exercise
price
  Weighted
average
remaining
contractual
term (years)
  Aggregate
intrinsic
value ($)
 
 
   
   
   
  (in Thousands)
 

Options outstanding at December 31, 2011

    844,721   $ 19.08              

Plus: Options granted

    42,500     17.14              

Less:

                         

Options exercised

    4,865     10.49              

Options expired

                     

Options forfeited

    87,479     19.08              
                         

Options outstanding at December 31, 2012

    794,877   $ 19.03     3.77   $ 2,093  
                         

Options fully vested and exercisable at December 31, 2012

    403,546   $ 23.60     1.78   $ 445  
Schedule of other information pertaining to option activity

 

 

 
  Twelve Months Ended
December 31,
 
 
  2012   2011   2010  

Weighted average grant date fair value of stock options granted

  $ 8.71   $ 5.51   $  

Total fair value of stock options vested

  $ 524,000   $ 661,000   $ 551,000  

Total intrinsic value of stock options exercised

  $ 41,000   $ 27,000   $ 2,000