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Stock plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Plan

The Company has a stock plan (“Stock Plan”) covering non-employee directors and the 2008 long-term incentive plan (“2008 Plan”) for certain officers and key employees. The plans are administered by a committee of the Board of Directors. The activity for 25,227 stock appreciation rights (“SAR”) and 5,600 options under the Stock Plan for each of the years in the three-year period ended December 31, 2014, is summarized as follows:

 

     2014      2013      2012  

December 31

   Awards     Weighted
Average
Price
     Awards     Weighted
Average
Price
     Awards      Weighted
Average
Price
 

Outstanding, beginning of year

     30,827      $ 30.37         25,227      $ 29.66         25,227       $ 29.66   

Associated with merger

          8,900        30.93         

Granted

               

Settled

     (30,827   $ 30.37         (3,150     26.38         

Forfeited

          (150     27.50         
  

 

 

      

 

 

      

 

 

    

Outstanding, end of year

  30,827      30.37      25,227      29.66   
  

 

 

      

 

 

      

 

 

    

Exercisable, end of year

$        30,827    $ 30.37      25,227    $ 29.66   
  

 

 

      

 

 

      

 

 

    
Schedule of Activity Related to Restricted Stock

The activity related to restricted stock for each of the years ended December 31, 2014, 2013 and 2012 was as follows:

 

Year Ended December 31,

   2014      2013      2012  

Nonvested, January 1

     17,245         15,425         4,883   

Granted shares

        1,820         10,542   

Vested shares

     2,936         

Forfeited shares

        
  

 

 

    

 

 

    

 

 

 

Nonvested, December 31

  14,309      17,245      15,425