Dividends and Basic Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Dividends and Basic Earnings Per Common Share [Abstract]

Calculation of Basic Earnings Per Common Share

Basic earnings per common share amounts are computed by dividing net income by the weighted average number of common shares outstanding for the period. The following table calculates the basic earnings per common share for the three months ended March 31, 2013 and 2012.

(net income in thousands)	2013		2012
Net Income	$	6,251	$	6,190
Average Number of Common Shares Outstanding		777,882		779,296
Basic Earnings Per Common Share Amount	$	8.04	$	7.94