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
Common Stock
Additional Paid-In Capital
Retained Earnings
Beginning Balance at Dec. 31, 2009 $ 273,801 $ 9,770 $ 90,311 $ 173,720
Beginning 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 Income (loss) 13,093     13,093
Vesting of restricted stock (in shares)   27,093    
Vesting of restricted stock (173) (17) (156)  
Compensation expense restricted stock 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    
Exercise of stock options (in shares)   8,560    
Exercise of stock options 167 16 151  
Income tax benefit from stock compensation 146   146  
Net Income (loss) (1,804)     (1,804)
Vesting of restricted stock (in shares)   26,912    
Vesting of restricted stock (323) (32) (291)  
Compensation expense restricted stock 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    
Exercise of stock options (in shares) 15,065 15,065    
Exercise of stock options (71) (8) (63)  
Income tax benefit from stock compensation 259   259  
Net Income (loss) (4,091)     (4,091)
Vesting of restricted stock (in shares)   61,152    
Vesting of restricted stock (796) (79) (717)  
Compensation expense restricted stock 1,222 122 1,100  
Dividends on common stock (5,822)     (5,822)
Ending Balance at Dec. 31, 2012 $ 273,500 $ 9,956 $ 92,512 $ 171,032
Ending Balance (in shares) at Dec. 31, 2012 14,452,660 14,452,660