Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

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CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Beginning Balance at Dec. 31, 2010 $ 287,192 $ 9,846 $ 91,112 $ 186,234
Beginning Balance, (in shares) at Dec. 31, 2010   14,340,971    
Exercise of stock options 167 16 151  
Exercise of stock options, (in shares)   8,560    
Income tax benefit from stock compensation 146   146  
Net income (loss) (1,804)     (1,804)
Vesting of restricted stock (323) (32) (291)  
Vesting of restricted stock, (in shares)   26,912    
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    
Exercise of stock options (71) (8) (63)  
Exercise of stock options, (in shares)   15,065    
Income tax benefit from stock compensation 259   259  
Net income (loss) (4,091)     (4,091)
Vesting of restricted stock (796) (79) (717)  
Vesting of restricted stock, (in shares)   61,152    
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    
Exercise of stock options 203 20 183  
Exercise of stock options, (in shares) 2,900 2,900    
Income tax benefit from stock compensation 116   116  
Net income (loss) 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 14,493,748