Earnings and Cash Dividends per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings and Cash Dividends per Common Share [Abstract]

Earnings and cash dividends per common share

	Three Months Ended March 31
(Dollars in thousands, except share and earnings per share amounts)	2013		2012
Net income	$	1,626	$	2,294
Weighted average shares outstanding		13,556,515		13,349,791
Stock options (dilutive only)		4,788		16,737
Stock subscribed (ESPP)		-		1,162
Retention awards		8,349		15,588
Stock subscribed (LTEIP)		8,777		22,079
Total dilutive shares outstanding		13,578,429		13,405,357
Earnings per share:
Basic and diluted	$	0.12	$	0.17
Dividends per share	$	0.145	$	0.14

Shares outstanding on record date

Cash dividends are based on the number of common shares outstanding at their respective record dates. The number of shares outstanding as of the record date for the first quarter of 2013 and 2012, respectively, are as follows:

Shares outstanding on record date	2013		2012
First quarter (February 15)		13,586,903		13,409,941