SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2012

Summary Of Significant Accounting Policies Tables

Schedule of stock option plans, changes in options outstanding

For the Corporation’s stock option plans, changes in options outstanding during the six months ended June 30, 2012 were as follows:

						Weighted
				Weighted		Average		Aggregate
				Average		Remaining		Intrinsic
	Number of			Exercise		Contractual		Value
	Options			Price		Term		(In Thousands)
Balance, January 1, 2012		577,782		$	23.45
Granted during 2012		62,360			11.00
Exercised during 2012		(190	)		13.53
Expired during 2012		(11,437	)		25.54
Forfeited during 2012		(718	)		15.35
Balance, June 30, 2012		627,797		$	22.19		4.54 years	$	610
Vested and expected to vest (1)		598,842		$	22.69		4.54 years	$	419
Exercisable at June 30, 2012		455,827		$	25.59		3.04 years	$	80

(1) Does not include shares which are not expected to vest as a result of anticipated forfeitures.

Schedule of weighted average assumption

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Dividend Yield		1.29	%		1.70	%		1.47	%		1.51	%
Expected volatility		39	%		38	%		39	%		30	%
Expected life		7 years			7 years			7 years			7 years
Risk-free interest rate		1.46	%		2.84	%		1.43	%		2.04	%

Schedule of Changes in nonvested shares

Changes in non-vested, restricted common shares for 2012 were as follows:

				Weighted
				Average
	Number of			Grant Date
	Shares			Fair Value
Balance, January 1, 2012		84,725		$	13.46
Granted during 2012		36,263			10.72
Vested during 2012		(22,393	)		10.75
Balance, June 30, 2012		98,595		$	13.07

Schedule of reconciliation of the calculation of basic and diluted earnings per share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share data)	2012		2011		2012		2011
Net income to common shareholders	$	2,723	$	1,949	$	5,332	$	3,520
Basic weighted-average common shares outstanding		8,775,111		8,739,444		8,773,188		8,737,717
Plus:  common stock equivalents		45,767		252		33,653		501
Diluted weighted-average common shares outstanding		8,820,878		8,739,696		8,806,841		8,738,218
Net income per common share
Basic	$	0.31	$	0.22	$	0.61	$	0.40
Diluted		0.31		0.22		0.61		0.40