Dividend Reinvestment and Stock Purchase Plan

12 Months Ended

Dec. 31, 2011

Dividend Reinvestment And Stock Purchase Plan [Abstract]

Dividend Reinvestment and Stock Purchase Plan

Note 8. Dividend Reinvestment and Stock Purchase Plan

In 2004, the Company implemented a dividend reinvestment and stock purchase plan (the “DRSPP”) that allows participating shareholders to purchase additional shares of the Company's common stock through automatic reinvestment of dividends or optional cash investments at 100% of the market price of the common stock, which is either the actual purchase price of the shares if obtained on the open market, or the average of the closing bid and asked quotations for a share of common stock on the day before the purchase date for shares if acquired directly from the Company as newly issued shares under the DRSPP.  No new shares were issued during 2011, 2010, or 2009. The Company has 236,529 shares available for issuance under the DRSPP at December 31, 2011.