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Share-Based Payments (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Nonvested Share Activity [Table Text Block]

The following table sets forth information with respect to nonvested options for the three month period ended March 31, 2016:

	Number of Shares		Weighted Average Grant Date Fair Value
Nonvested options – beginning of period		414,850	$	6.86
Nonvested options granted		5,000	$	6.50
Nonvested options vested or forfeited		(13,370)	$	6.76
Nonvested options – end of period		406,480	$	6.86

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option information as of March 31, 2016:

	Shares		Weighted Average Exercise Price

Outstanding at January 1, 2016		709,300	$	24.34
Options granted		5,000		26.40
Options cancelled		(7,120)		26.97
Options exercised		(7,150)		18.41

Outstanding at March 31, 2016		700,030	$	24.39

Options exercisable		293,550	$	22.04
Options available for future grants		180,165

Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block]

Cash proceeds, tax benefits and intrinsic value related to stock options exercised during the three months ended March 31, 2016 and March 31, 2015 were as follows:

(In thousands)	March 31, 2016		March 31, 2015

Cash proceeds from stock options exercised	$	132	$	82
Tax benefits		—		—
Intrinsic value of stock options exercised		80		66

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The assumptions used in the Black-Scholes pricing model for the periods ended March 31, 2016 and 2015 are set forth in the following table:

	March 31, 2016			March 31, 2015

Weighted average expected stock-price volatility		33	%		34	%
Weighted average expected option life		5 years			5 years
Weighted average risk-free interest rate		1.42	%		1.28	%
Weighted average dividend yield		2.2	%		1.8	%