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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Fair value of options granted
                         
December 31   2012     2011     2010  

Dividend yields

    2.56     2.77     2.99

Volatility factors of expected market price of common stock

    29.47     29.89     30.97

Risk-free interest rates

    1.84     1.91     2.86

Expected life of options

    8 years       8 years       8 years  
Summary of option activity
                                 
    Shares     Weighted-
Average
Exercise Price
    Weighted-
Average
Remaining
Contractual
Term
    Aggregate
Intrinsic
Value
 

Outstanding, beginning of year

    101,250     $ 10.73                  

Granted

    21,698       12.94                  

Exercised

    (18,000     11.04                  

Forfeited

    —         —                    
   

 

 

                         

Outstanding, end of year

    104,948       11.14       6.34     $ 893,159  
   

 

 

                         

Exercisable, end of year

    54,450       10.99       4.50       471,333  
Summary of the status of Horizons non-vested, restricted shares
                 
    Shares     Weighted
Average
Grant Date
Fair Value
 

Non-vested beginning of year

    29,250     $ 12.88  

Vested

    —         —    

Granted

    46,753       13.70  

Forfeited

    —         —    
   

 

 

         

Non-vested, end of year

    76,003       13.38