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Stock-Based Compensation Plans | 12 Months Ended
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Dec. 31, 2013
Stock-Based Compensation Plans [Abstract] |
Stock-Based Compensation Plans | Note 12: Stock-Based Compensation Plans: On October 3, 2000, the shareholders of the Company approved the Bar Harbor Bankshares and Subsidiaries Incentive Stock Option Plan of 2000 ("ISOP") for its officers and employees, which provided for the issuance of up to 450,000 shares of common stock. The purchase price of the stock covered by each option must be at least 100% of the trading value on the date such option was granted. Vesting terms ranged from three to seven years. According to the ISOP no option shall be granted after October 3, 2010, ten years after the effective date of the ISOP. In May, 2009, the shareholders of the Company approved the adoption of the 2009 Bar Harbor Bankshares and Subsidiaries Equity Incentive Plan (the "2009 Plan") for employees and directors of the Company and its subsidiaries. Subject to adjustment for stock splits, stock dividends, and similar events, the total number of shares of common stock that can be issued under the 2009 Plan over the 10 year period in which the plan will be in place is 175,000 shares of common stock, provided that no more than 75,000 shares of such stock can be awarded in the form of restricted stock or restricted stock units, as further described in the 2009 Plan. The 2009 Plan is to be administered by the Company's Compensation Committee. All employees and directors of the Company and it subsidiaries are eligible to participate in the 2009 Plan, subject to the discretion of the Administrator and the terms of the 2009 Plan. The maximum stock award granted to one individual may not exceed 20,000 shares of common stock (subject to adjustment for stock splits, and similar events) for any calendar year In April of 2013, the Board of Directors voted a Long Term Incentive Program for senior management members. The program is designed to be made up of three year rolling plans utilizing the shares made available through the 2009 Plan. Grants may be given in time vested restricted stock awards, performance vested restricted stock awards, or a combination of both. Compensation expense recognized in connection with the stock based compensation plans are presented in the following table for the years ended December 31, 2013, 2012, and 2011:
|  | 2013 |  | 2012 |  | 2011
Stock options and restricted stock awards granted | $ | 265 | $ | 216 | $ | 99
Long term performance stock |  | 63 |  | -- |  | --
Long term restricted stock |  | 80 |  | -- |  | --
Total compensation expense | $ | 408 | $ | 216 | $ | 99
For the years ended December 31, 2013, 2012, and 2011, the total anti-dilutive stock options amounted to 60, 36, and 117 thousand shares, respectively. The fair value of options was estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions for stock option grants during the years ended December 31:
|  | 2013 |  |  | 2012 |  |  | 2011 |
Risk free interest rate |  | 1.55 | % |  | 1.13 | % |  | 2.04 | %
Expected market volatility factor |  |  |  |  |  |  |  |  |
for the Company's stock |  | 26.44 | % |  | 26.08 | % |  | 26.28 | %
Dividend yield |  | 3.39 | % |  | 3.40 | % |  | 3.79 | %
Expected life of the options (years) |  | 7.0 |  |  | 6.9 |  |  | 6.8 |
Options granted |  | 27,000 |  |  | 37,500 |  |  | 30,500 |
Estimated fair value of options granted | $ | 6.63 |  | $ | 5.85 |  | $ | 4.99 |
The expected market price volatility for the grants during 2013 was determined by using the Company's historical stock price volatility on a daily basis during the three to seven year periods ending December 31, 2013, consistent with the expected life of the 2013 options. Stock Option and Restricted Stock Activity: A summary combined status of the ISOP and the 2009 Plan as of December 31, 2013, and changes during the year then ended is presented below:
| Number of |  |  |  |  |  |  | Weighted |  |  |  | Aggregate
| Stock Options |  |  | Exercise |  | Average |  | Intrinsic |  | Intrinsic
| Outstanding |  |  | Price Range |  | Exercise Price |  | Value |  | Value
|  |  |  | From |  | To |  |  |  |  |  |
Outstanding at January 1, 2013 | 153,418 |  | $ | 18.37 | $ | 37.60 | $ | 30.31 |  |  |  |
Granted | 27,000 |  | $ | 35.46 | $ | 40.62 | $ | 36.75 |  |  |  |
Exercised | (16,361 | ) | $ | 18.37 | $ | 37.60 | $ | 27.72 |  |  |  |
Cancelled | (7,388 | ) | $ | 26.99 | $ | 36.75 | $ | 29.74 |  |  |  |
Outstanding at December 31, 2013 | 156,669 |  | $ | 21.82 | $ | 40.62 | $ | 31.72 | $ | 5.56 | $ | 1,296
Ending vested and expected to |  |  |  |  |  |  |  |  |  |  |  |
vest December 31, 2013 | 149,084 |  | $ | 21.82 | $ | 40.62 | $ | 31.91 | $ | 5.60 | $ | 1,206
Exercisable at December 31, 2013 | 63,090 |  | $ | 21.82 | $ | 37.60 | $ | 30.28 | $ | 5.38 | $ | 613
| Number of |  |  |
| Restricted Stock |  |  | Weighted Average
| Awards |  |  | Grant Date
| Outstanding |  |  | Fair Value
Outstanding at January 1, 2013 | 0 |  | $ | --
Awarded | 3,370 |  | $ | 35.80
Released | (3,370 | ) | $ | 35.80
Forfeited | 0 |  | $ | --
Outstanding at December 31, 2013 | 0 |  | $ | --
The intrinsic value of the options exercised and cash received by the Company for options exercised for the years ended December 31, 2013, 2012, and 2011, was approximately $201 and $453, $345 and $1,174, and $977 and $1,363, respectively. The tax benefit received related to the exercise of options in 2013, 2012 and 2011, was $19, $35 and $248, respectively. As of December 31, 2013, there was approximately $298 of unrecognized compensation cost related to unvested stock option awards, net of estimated forfeitures. This amount is expected to be recognized as expense over the next seven years, with a weighted average recognition period of 3.48 years. Stock Options Outstanding: The following table summarizes stock options outstanding and exercisable by exercise price range at December 31, 2013:
|  |  |  | Options Outstanding |  | Options Exercisable
|  |  |  |  | Weighted |  |  |  |  | Weighted |  |
|  |  |  | Number | Average |  | Weighted |  | Number | Average |  | Weighted
|  |  |  | Outstanding | Remaining |  | Average |  | Exercisable | Remaining |  | Average
| Range of Exercise | As of | Contractual |  | Exercise |  | As of | Contractual |  | Exercise
| Prices | 12/31/13 | Term(years) |  | Price |  | 12/31/13 | Term(years) |  | Price
$ | 21.82 | $ | 40.62 | 156,669 | 6.4 | $ | 31.72 |  | 63,090 | 4.0 | $ | 30.28
During 2013, performance share awards were granted to certain executive officers providing the opportunity to earn shares of common stock of the Company ranging from zero to 10,448 shares. The performance shares granted were valued at between $35.64 and $36.00 the fair market value at the date of grant, and will be earned over a three year performance period. The current assumption based on the most recent peer group information results in the shares earned at 134% of the target, or 6,964 shares. Nonvested Performance Shares: The following table summarizes nonvested performance shares as of December 31, 2013:
|  |  | Weighted Average
| Number |  | Grant Date
| of Shares |  | Fair Value
Outstanding at January 1, 2013 | 0 | $ | ---
Granted | 6,964 |  | 35.78
Vested | 0 |  | --
Forfeited | 0 |  | --
Outstanding at December 31, 2013 | 6,964 | $ | 35.78
Nonvested Restricted Shares: The following table summarizes nonvested performance shares as of December 31, 2013:
|  |  | Weighted Average
|  |  | Grant Date
| Number of Shares |  | Fair Value
Outstanding at January 1, 2013 | 0 | $ | ---
Granted | 5,605 |  | 35.74
Vested | 0 |  | ---
Forfeited | 0 |  | ---
Outstanding at December 31, 2013 | 5,605 | $ | 35.74
As of December 31, 2013, there was $355 of total unrecognized compensation cost related to nonvested restricted share awards and performance share awards granted under the Plans. That cost is expected to be recognized over a weighted average period of 2.1 years.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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