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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of share-based payment awards was estimated using the Black-Scholes option pricing model with the following assumptions and weighted average fair values:
 
 
 
2013
 
 
2012
 
 
2011
 
Weighted average fair value of grants
 
$
2.50 – 5.87
 
 
$
2.03
 
 
$
1.89
 
Risk-free interest rate
 
 
1.86 – 2.29
%
 
 
2.03
%
 
 
2.19
%
Dividend yield
 
 
1.76 – 2.11
%
 
 
1.24
%
 
 
1.32
%
Expected volatility
 
 
23.21 – 33.74
%
 
 
22.04
%
 
 
22.25
%
Expected life in months
 
 
69 – 90
 
 
 
68
 
 
 
65
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Option activity under the principal option plans as of December 31, 2013 and changes during the twelve months ended December 31, 2013 were as follows:
 
 
 
Shares
 
Weighted-
Average
Exercise 
Price
 
Weighted-
Average
Remaining 
Contractual 
Term
(In Years)
 
Aggregate
Intrinsic Value
 
Outstanding at December 31, 2012
 
 
183,574
 
$
10.04
 
 
 
 
 
 
 
Granted
 
 
41,639
 
 
12.95
 
 
 
 
 
 
 
Exercised
 
 
(2,268)
 
 
9.14
 
 
 
 
 
 
 
Forfeited/cancelled/expired
 
 
(34,565)
 
 
10.81
 
 
 
 
 
 
 
Outstanding at December 31, 2013
 
 
188,380
 
$
10.55
 
 
5.99
 
$
1,546,129
 
Exercisable at December 31, 2013
 
 
113,751
 
$
10.14
 
 
4.40
 
$
980,102
Schedule of Activity and Changes Under the Principal Option Plan
Changes in options outstanding during the past three years were as follows:
 
Stock Option Plan
 
Shares
 
Exercise Price
Range per Share
 
Outstanding, December 31, 2010 (138,898 shares exercisable)
 
 
198,946
 
 
$7.67 to $15.73
 
Granted during 2011
 
 
27,784
 
$
9.11
 
Exercised during 2011
 
 
(42,495)
 
$
7.71
 
Expired or canceled during 2011
 
 
(12,857)
 
$
10.50 to $15.73
 
Outstanding, December 31, 2011 (105,388 shares exercisable)
 
 
171,378
 
 
$7.67 to $15.73
 
Granted during 2012
 
 
27,784
 
$
9.64
 
Exercised during 2012
 
 
(15,588)
 
 
$7.67 to $10.50
 
Expired or canceled during 2012
 
 
 
$
0.00
 
Outstanding, December 31, 2012 (117,111 shares exercisable)
 
 
183,574
 
 
$7.67 to $15.73
 
Granted during 2013
 
 
41,639
 
$
12.52 to $14.24
 
Exercised during 2013
 
 
(2,268)
 
 
$7.67 to $10.66
 
Expired or canceled or forfeited during 2013
 
 
(34,565)
 
$
7.67 to $15.73
 
Outstanding, December 31, 2013 (113,751 shares exercisable)
 
 
188,380
 
 
$7.67 to $15.73