| Schedule of Common Stock Outstanding Roll Forward [Table Text Block] |
The table below shows activity in the outstanding shares of the Company’s common stock during 2012.
|
|
2012 |
| Shares outstanding at January 1 |
|
10,357,930 |
| 10% stock dividend issued December 14, 2012 |
|
1,040,984 |
| Issuance of common stock: |
|
|
| Issued under stock-based compensation plan |
|
28,370 |
| Stock options/SARs exercised |
|
36,547 |
| Shares outstanding at December 31 |
|
11,463,831 |
|
| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The calculations of basic and diluted earnings per share are as follows:
|
|
December 31, |
| (In thousands except share and per share data) |
|
2012 |
|
2011 |
|
2010 |
| Basic |
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
23,303 |
|
$ |
23,009 |
|
$ |
20,310 |
| Weighted-average common shares outstanding |
|
|
11,378,216 |
|
|
11,326,968 |
|
|
11,295,693 |
| Basic earnings per share |
|
$ |
2.05 |
|
$ |
2.03 |
|
$ |
1.80 |
| Diluted |
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
23,303 |
|
$ |
23,009 |
|
$ |
20,310 |
| Weighted-average common shares outstanding |
|
|
11,378,216 |
|
|
11,326,968 |
|
|
11,295,693 |
| Effect of dilutive restricted stock, stock |
|
|
|
|
|
|
|
|
|
| options and SARs |
|
|
178,998 |
|
|
148,652 |
|
|
135,873 |
| Weighted-average common shares outstanding |
|
|
|
|
|
|
|
|
|
| assuming dilution |
|
|
|
|
|
|
|
|
|
|
|
|
11,557,214 |
|
|
11,475,620 |
|
|
11,431,566 |
| Diluted earnings per share |
|
$ |
2.02 |
|
$ |
2.01 |
|
$ |
1.78 |
|