Annual report pursuant to Section 13 and 15(d)

Stock Compensation (Tables)

v2.4.0.6
Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Stock Compensation [Abstract]  
Schedule Of Changes In Number Of Outstanding Stock Options Under Director Plan And Stock Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

Weighted average

 

 

 

exercise price

 

remaining

 

Options

 

per share

 

contractual term

Outstanding – December 31, 2009

189,000 

 

$

 

9.77 

 

4.75 years

Awarded

18,000 

 

 

 

11.82 

 

 

Exercised

(21,000)

 

 

 

8.70 

 

 

Forfeited

(24,000)

 

 

 

14.13 

 

 

Outstanding – December 31, 2010

162,000 

 

$

 

9.49 

 

5.33 years

Awarded

96,250 

 

 

 

14.16 

 

 

Exercised

(9,000)

 

 

 

8.10 

 

 

Forfeited

(12,430)

 

 

 

11.23 

 

 

Outstanding – December 31, 2011

236,820 

 

$

 

11.35 

 

5.18 years

Awarded

92,223 

 

 

 

13.10 

 

 

Exercised

(12,000)

 

 

 

7.13 

 

 

Forfeited

(5,890)

 

 

 

10.58 

 

 

Outstanding – December 31, 2012

311,153 

 

 

 

12.05 

 

4.99 years

 

 

 

 

 

 

 

 

Excercisable at December 31, 2012

180,185 

 

$

 

11.05 

 

4.33 years

Expected to vest December 31, 2012

308,405 

 

 

 

12.03 

 

4.98 years

 

Valuation Assumptions Of Stock Option Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

2012

 

2011

 

2010

Expected volatility

31.2% 

 

27.7% 

 

27.3% 

Risk free interest rate

2.3% 

 

3.4% 

 

3.7% 

Expected holding period

6 years

 

6 years

 

7 years

Dividend yield

4.6% 

 

4.2% 

 

4.7% 

 

Summary Of The Status Of Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

Weighted

 

 

 

 

Remaining

 

Average

Range of Exercise Prices

 

Shares

 

Option Life

 

Exercise Price

$7.13 to $8.64

 

30,000 

 

0.9 years

 

$

7.82 

$8.65 to $9.99

 

33,000 

 

5 years

 

 

9.67 

$10.00 to $12.00

 

69,000 

 

4.9 years

 

 

10.95 

$12.01 to $14.50

 

179,153 

 

5.7 years

 

 

13.61 

 

Schedule Of Changes In The Number Of Deferred Stock Shares Under The Stock Plan And Incentive Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

Outstanding – December 31, 2010

 

 

 -

 

$

 -

Granted

 

 

105,836 

 

 

15.15 

Vested

 

 

(2,657)

 

 

15.40 

Forfeited

 

 

(31,330)

 

 

15.27 

Outstanding – December 31, 2011

 

 

71,849 

 

 

15.14 

Granted

 

 

105,698 

 

 

13.49 

Vested

 

 

 -

 

 

 -

Forfeited

 

 

(16,757)

 

 

13.95 

Outstanding – December 31, 2012

 

 

160,790 

 

 

14.16