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Subsequent Events | 3 Months Ended
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Mar. 31, 2012
Subsequent Events [Abstract] {1} |
Subsequent Events | Note 11: Subsequent Events On April 19, 2012, the Corporation’s Board of Directors declared a cash dividend of $0.04 per share. Shareholders of the Corporation’s common stock at the close of business on May 11, 2012 will be entitled to receive the cash dividend, payable on June 1, 2012. Additionally, the Board of Directors authorized the repurchase of up to five percent (5%) of the Corporation’s common stock, or approximately 547,772 shares. The repurchase plan will become effective at the earlier of July 21, 2012 or the completion of the July 2011 stock repurchase plan. The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase plan. To date, a total of 512,403 shares have been purchased under the July 2011 stock repurchase plan, at an average cost of $9.47 per share, leaving 58,529 shares available for future purchases.

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