Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

v3.3.1.900
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Beginning Balance at Dec. 31, 2012 $ 273,500 $ 9,956 $ 92,512 $ 171,032
Beginning Balance, (in shares) at Dec. 31, 2012   14,452,660    
Exercise of stock options 203 $ 20 183  
Exercise of stock options, (in shares)   2,900    
Income tax benefit from stock compensation 116   116  
Net (loss) income 7,232     7,232
Vesting of restricted stock (322) $ (32) (290)  
Vesting of restricted stock, (in shares)   38,188    
Compensation expense restricted stock 672 $ 68 604  
Dividends on common stock (5,839)     (5,839)
Ending Balance at Dec. 31, 2013 275,562 $ 10,012 93,125 172,425
Ending Balance, (in shares) at Dec. 31, 2013   14,493,748    
Net (loss) income 15,320     15,320
Vesting of restricted stock (358) $ (35) (323)  
Vesting of restricted stock, (in shares)   45,356    
Compensation expense restricted stock 1,139 $ 113 1,026  
Dividends on common stock (5,865)     (5,865)
Ending Balance at Dec. 31, 2014 $ 285,798 $ 10,090 93,828 181,880
Ending Balance, (in shares) at Dec. 31, 2014 14,539,104 14,539,104    
Net (loss) income $ (25,364)     (25,364)
Vesting of restricted stock (79) $ (9) (70)  
Vesting of restricted stock, (in shares)   41,112    
Compensation expense restricted stock 2,707 $ 271 2,436  
Dividends on common stock (5,865)     (5,865)
Ending Balance at Dec. 31, 2015 $ 257,197 $ 10,352 $ 96,194 $ 150,651
Ending Balance, (in shares) at Dec. 31, 2015 14,580,216 14,580,216