Common Stock

12 Months Ended

Dec. 31, 2012

Notes To Financial Statements [Abstract]

Common stock

NOTE 3:  COMMON STOCK

The Company has 25,000,000 authorized shares of common stock, no par value.  A summary of the changes in the common stock accounts for the period January 1, 2010 through December 31, 2012, appears below:

(in thousands, except share data)	Shares	Issuance Amount		Expense			Total
Balance, January 1, 2010	8,573,744	$	68,896	$	(1,610	)	$	67,286
Stock and equivalents issued through Performance Stock Program, Net of Forfeitures	31,282	1,077		—			1,077
Dividend Reinvestment Plan	57,749	1,358		—			1,358
Stock Options Exercised and Expensed	14,074	305		(2		)	303
Balance, December 31, 2010	8,676,849	$	71,636	$	(1,612	)	$	70,024
Stock and equivalents issued through Performance Stock Program, Net of Forfeitures	20,210	824		—			824
Dividend Reinvestment Plan	52,668	1,346		—			1,346
Stock Options Exercised and Expensed	5,671	152		(1		)	151
Balance, December 31, 2011	8,755,398	$	73,958	$	(1,613	)	$	72,345
Stock and equivalents issued through Performance Stock Program, Net of Forfeitures	34,301	1,213		—			1,213
Dividend Reinvestment Plan	50,048	1,486		—			1,486
Stock Options Exercised and Expensed	23,235	665		(3		)	662
Shares issued to acquire BSWC	380,254	12,012		(154		)	11,858
Shares issued in stock offering	1,696,250	49,615		(2,306		)	47,309
Balance, December 31, 2012 (1)	10,939,486	$	138,949	$	(4,076	)	$	134,873

(1) Includes 43,315 restricted shares and 140,235 common stock equivalent shares issued through the Performance Stock Programs through December 31, 2012.

The Company may not pay any dividends on its common stock unless full cumulative dividends to the preceding dividend date for all outstanding shares of Preferred Stock of the Company have been paid or set aside for payment.  All such Preferred Stock dividends have been paid.