Dividends and Basic Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Dividends and Basic Earnings Per Common Share [Abstract]

Calculation of Basic Earnings Per Common Share

The following table calculates the basic earnings per share for the three and six months ended June 30, 2013 and 2012.

	Three Months Ended June 30,				Six Months Ended June 30,
(net income in thousands)	2013		2012		2013		2012
Net Income	$	5,565	$	5,162	$	11,816	$	11,352
Average Number of Common Shares Outstanding		777,882		778,939		777,882		779,118
Basic Earnings Per Common Share	$	7.15	$	6.63	$	15.19	$	14.57