SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013 were as follows:

						Weighted
				Weighted		Average		Aggregate
				Average		Remaining		Intrinsic
	Number of			Exercise		Contractual		Value
	Options			Price		Term		(In Thousands)
Balance, January 1, 2013		613,507		$	22.37
Granted during 2013		81,750			14.74
Exercised during 2013		(1,530	)		12.46
Expired during 2013		(34,285	)		26.33
Forfeited during 2013		(2,650	)		13.45
Balance, June 30, 2013		656,792		$	21.27		4.29 years	$	610
Vested and expected to vest (1)		621,733		$	21.72		4.29 years	$	637
Exercisable at June 30, 2013		472,272		$	24.37		2.61 years	$	76

(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,
	2013			2012			2013			2012
Dividend Yield		1.16	%		1.29	%		1.31	%		1.47	%
Expected volatility		39	%		39	%		39	%		39	%
Expected life		7 years			7 years			7 years			7 years
Risk-free interest rate		1.19	%		1.46	%		1.11	%		1.43	%

Schedule of Changes in nonvested shares

Changes in non-vested, restricted common shares for 2013 were as follows:

				Weighted
				Average
	Number of			Grant Date
	Shares			Fair Value
Balance, January 1, 2013		82,717		$	12.87
Granted during 2013		39,474			14.87
Vested during 2013		(19,035	)		13.48
Balance, June 30, 2013		103,156		$	13.52

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)	2013		2012		2013		2012
Net income to common shareholders	$	2,009	$	2,723	$	4,902	$	5,332
Basic weighted-average common shares outstanding		8,909,170		8,775,111		8,889,971		8,773,188
Plus:  common stock equivalents		46,214		38,052		52,296		27,281
Diluted weighted-average common shares outstanding		8,955,384		8,813,162		8,942,267		8,800,469
Net income per common share
Basic	$	0.23	$	0.31	$	0.55	$	0.61
Diluted		0.22		0.31		0.55		0.61