Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Total
Restricted Stock
Non-qualified Stock Options
Common Stock
Common Stock
Restricted Stock
Common Stock
Non-qualified Stock Options
Additional Paid-In Capital
Additional Paid-In Capital
Restricted Stock
Additional Paid-In Capital
Non-qualified Stock Options
Retained Earnings
Beginning Balance at Jan. 01, 2009 $ 254,207     $ 9,707     $ 89,713     $ 154,787
Beginning Balance (in shares) at Jan. 01, 2009       14,293,033            
Exercise of stock options (in shares)       1,400            
Exercise of stock options 21     2     19      
Income tax benefit from stock compensation 24           24      
Net loss (income) 20,804                 20,804
Vesting of restricted stock (in shares)       13,445            
Vesting of restricted stock (61)     (6)     (55)      
Compensation expense   604 73   60 7   544 66  
Dividends on common stock (1,871)                 (1,871)
Ending Balance at Dec. 31, 2009 273,801     9,770     90,311     173,720
Ending Balance (in shares) at Dec. 31, 2009       14,307,878            
Exercise of stock options (in shares)       6,000            
Exercise of stock options 101     10     91      
Income tax benefit from stock compensation 124           124      
Net loss (income) 13,093                 13,093
Issuance of common stock restricted stock vesting                        
Vesting of restricted stock (in shares)       27,093            
Vesting of restricted stock (173)     (17)     (156)      
Compensation expense   825     83     742    
Dividends on common stock (579)                 (579)
Ending Balance at Dec. 31, 2010 287,192     9,846     91,112     186,234
Ending Balance (in shares) at Dec. 31, 2010 14,340,971     14,340,971            
Exercise of stock options (in shares)       8,560            
Exercise of stock options 167     16     151      
Income tax benefit from stock compensation 146           146      
Net loss (income) (1,804)                 (1,804)
Vesting of restricted stock (in shares)       26,912            
Vesting of restricted stock (323)     (32)     (291)      
Compensation expense   906     91     815    
Dividends on common stock (3,485)                 (3,485)
Ending Balance at Dec. 31, 2011 $ 282,799     $ 9,921     $ 91,933     $ 180,945
Ending Balance (in shares) at Dec. 31, 2011 14,376,443     14,376,443