Dividends and Basic Earnings Per Common Share (Tables)

12 Months Ended

Dec. 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 periods indicated.

(net income in thousands)	2013		2012		2011
Net Income	$	24,061	$	23,349	$	22,209
Average Number of Common Shares Outstanding		777,882		778,648		779,424
Basic Earnings Per Common Share	$	30.93	$	29.99	$	28.49