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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2013
Share-based Compensation [Abstract] |
Summary Of Stock Option Activity | A summary of the Company’s stock option activity and related information is presented below:
| 2013 | 2012 | 2011
| Options | Weighted-Average Exercise Price | Options | Weighted-Average Exercise Price | Options | Weighted-Average Exercise Price
Outstanding at January 1 | 289,544 |  | $ | 34.38 |  | 293,817 |  | $ | 33.95 |  | 287,393 |  | $ | 33.64 |
Granted | 15,475 |  | 37.74 |  | 16,876 |  | 35.39 |  | 16,000 |  | 35.09 |
Exercised | (126,168 | ) | 33.57 |  | (18,899 | ) | 28.78 |  | (9,576 | ) | 26.63 |
Forfeited | (5,250 | ) | 34.56 |  | (2,250 | ) | 33.28 |  | — |  | — |
Outstanding at December 31 | 173,601 |  | 35.26 |  | 289,544 |  | 34.38 |  | 293,817 |  | 33.95 |
Exercisable at end of year | 76,832 |  | 37.97 |  | 183,584 |  | 34.70 |  | 185,317 |  | 33.70 |
Nonvested at beginning of year | 105,960 |  | 33.81 |  | 108,500 |  | 34.38 |  | 109,000 |  | 35.10 |
Granted during the year | 15,475 |  | 37.74 |  | 16,876 |  | 35.39 |  | 16,000 |  | 35.09 |
Vested during the year | (23,166 | ) | 39.64 |  | (18,166 | ) | 38.87 |  | (16,500 | ) | 39.34 |
Forfeited during the year | (1,500 | ) | 30.38 |  | (1,250 | ) | 30.38 |  | — |  | — |
Nonvested at end of year | 96,769 |  | $ | 33.10 |  | 105,960 |  | $ | 33.81 |  | 108,500 |  | $ | 34.38 |
Stock Options Outstanding And Exercisable | Additional information regarding stock options outstanding and exercisable at December 31, 2013, is provided in the following table:
Ranges of Exercise Prices | No. of Options Outstanding | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Life (Months) | Aggregate Intrinsic Value (in thousands) | No. of Options Currently Exercisable | Weighted-Average Exercise Price of Options Currently Exercisable | Weighted-Average Remaining Contractual Life (Months) | Aggregate Intrinsic Value of Options Currently Exercisable (in thousands)
26.62 - 33.90 | 58,750 |  | 30.23 |  | 57 | $ | 946 |  | 10,332 |  | $ | 30.52 |  | 21 | $ | 163 |
35.09 - 40.88 | 114,851 |  | 37.83 |  | 63 | 976 |  | 66,500 |  | 39.13 |  | 37 | 479 |
| 173,601 |  |  |  | $ | 1,922 |  | 76,832 |  |  |  | $ | 642 |
Weighted Average Assumptions Estimate The Fair Value Of Options Granted | The following weighted average assumptions were used to estimate the fair value of options granted:
| 2013 | 2012 | 2011
Risk-free interest rate | 1.88 | % | 2.51 | % | 3.07 | %
Expected dividend yield | 3.70 | % | 3.90 | % | 3.88 | %
Volatility factor | 41.35 | % | 48.40 | % | 41.12 | %
Expected life of option | 8.0 years | 5.0 years | 8.0 years
Restricted Shares Activity And Related Information | A summary of the Company’s restricted shares activity and related information is presented below:
| 2013 | 2012 | 2011
| Restricted Awards | Average Market Price at Grant | Restricted Awards | Average Market Price at Grant | Restricted Awards | Average Market Price at Grant
Outstanding at January 1 | 116,711 |  |  | 108,209 |  |  | 96,060 |  |
Granted | 35,083 |  | $ | 38.07 |  | 23,336 |  | $ | 34.94 |  | 14,050 |  | $ | 35.08 |
Forfeited/Vested | (9,325 | ) |  | (14,834 | ) |  | (1,901 | ) |
Outstanding at December 31 | 142,469 |  |  | 116,711 |  |  | 108,209 |  |
Summary Of Activity Within The Defined Benefit Plan | The following table summarizes activity within the Defined Benefit Plans (dollars in thousands):
| Pension Benefits
| 2013 | 2012
Change in fair value of plan assets: |  |
Fair value at beginning of measurement period | $ | 9,663 |  | $ | 8,952 |
Acquisition | 4,558 |  | — |
Actual gain (loss) on plan assets | 1,412 |  | 734 |
Contributions | 538 |  | 736 |
Benefits paid | (1,445 | ) | (759 | )
Fair value at end of measurement period | 14,726 |  | 9,663 |
Change in benefit obligation: |  |
Benefit obligation at beginning of measurement period | (13,827 | ) | (12,943 | )
Acquisition | (6,297 | ) | — |
Interest cost | (776 | ) | (635 | )
Actuarial loss | 1,931 |  | (1,008 | )
Benefits paid | 1,445 |  | 759 |
Benefit obligation at end of measurement period | (17,524 | ) | (13,827 | )
Funded status | (2,798 | ) | (4,164 | )
Unrecognized net actuarial gain | 4,555 |  | 8,024 |
Other comprehensive loss | (4,555 | ) | (8,024 | )
Accrued Benefit Cost | $ | (2,798 | ) | $ | (4,164 | )
Weighted-average assumptions for balance sheet liability at end of year: |  |
Discount rate | 4.89 | % | 4.31 | %
Expected long-term rate of return | 7.35 | % | 7.46 | %
Weighted-average assumptions for benefit cost at beginning of year: |  |
Discount rate | 4.31 | % | 5.06 | %
Expected long-term rate of return | 7.46 | % | 8.00 | %
Net Periodic Pension Cost Of The Defined Benefit Plan | The following table presents the components of the net periodic pension cost of the Defined Benefit Plans (in thousands):
| Pension Benefits
| 2013 | 2012 | 2011
Components of net periodic benefit: |  |  |
Interest cost | $ | 776 |  | $ | 635 |  | $ | 650 |
Expected return on plan assets | (979 | ) | (810 | ) | (811 | )
Net amortization and deferral | 1,106 |  | 696 |  | 547 |
Net Periodic Pension Cost | $ | 903 |  | $ | 521 |  | $ | 386 |
Summary Of Current Allocation Percentages Of Plan Assets | The target, allowable, and current allocation percentages of plan assets are as follows:
| Target Allocation 2013 | Allowable- Allocation Range | Percentage of Plan Assets At December 31
| 2013 | 2012
Equity securities | 58 | % | 40-100% | 53 | % | 39 | %
Fixed income securities | 30 | % | 20-40% | 28 | % | 36 | %
Cash and cash equivalents | 2 | % | 3-10% | 7 | % | 25 | %
Alternative investments | 10 | % | 0-15% | 12 | % | — | %
Total | 100 | % |  | 100 | % | 100 | %
The target, allowable, and current allocation percentages of plan assets are as follows:
| Target Allocation 2013 | Allowable- Allocation Range | Percentage of Plan Assets at December 31, 2013
Equity securities | 25 | % | 20%-30% | 26 | %
Fixed income securities | 75 | % | 70%-80% | 74 | %
| 100 | % |  | 100 | %
Summary Of Assets Segregated By Level Of Valuation Inputs Within The Fair Value Hierarchy | The major categories of assets in the Company’s Defined Benefit Plans as of year-end are presented in the following table (in thousands). Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value (See Note Twenty).
| Total | Level 1 | Level 2 | Level 3
2013 |  |  |  |
Cash and cash equivalents | $ | 714 |  | $ | 714 |  | $ | — |  | $ | — |
Mutual funds | 5,991 |  | 5,267 |  | 724 |  | — |
Investment funds | 1,305 |  | — |  | 809 |  | 496 |
Common stocks | 4,399 |  | 3,477 |  | 922 |  | — |
Mortgage-backed securities | 151 |  | — |  | 151 |  | — |
Government and GSE bonds | 1,367 |  | — |  | 1,367 |  | — |
Corporate Bonds | 799 |  | — |  | 799 |  | — |
Total | $ | 14,726 |  | $ | 9,458 |  | $ | 4,772 |  | $ | 496 |
2012 |  |  |  |
Cash and cash equivalents | $ | 2,023 |  | $ | 2,023 |  | $ | — |  | $ | — |
Mutual funds | 2,220 |  | 1,139 |  | 1,081 |  | — |
Common stocks | 3,034 |  | 2,552 |  | 482 |  | — |
Mortgage-backed securities | 524 |  | — |  | 524 |  | — |
Government and GSE bonds | 1,344 |  | — |  | 1,344 |  | — |
Corporate Bonds | 518 |  | — |  | 518 |  | — |
Total | $ | 9,663 |  | $ | 5,714 |  | $ | 3,949 |  | $ | — |
Summary Of Expected Benefit Payments | The following table summarizes the expected benefits to be paid in each of the next five years and in the aggregate for the five years thereafter:
Plan Year Ending December 31 | Expected Benefits to be Paid
(in thousands) |
2014 | $ | 970 |
2015 | 990 |
2016 | 1,005 |
2017 | 1,023 |
2018 | 1,056 |
2019 through 2023 | 5,501 |

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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