XML 79 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Components of Accumulated Other Comprehensive Loss
         
    AT DECEMBER 31,
     2012   2011
     (IN THOUSANDS)
Pension obligation for defined benefit plan   $ (9,520)     $ (8,116 ) 
Unrealized holding gains on available for sale securities     4,141       4,456  
Total accumulated other comprehensive loss   $ (5,379)     $ (3,660 ) 
Schedule of Earnings per Share
  Twelve months ended December 31,
     2012   2011   2010
     (In thousands, except per share data)
Numerator:
                           
Net income   $ 5,039     $ 6,537     $ 1,282  
Preferred stock dividends and accretion of preferred stock discount     828       1,385       1,161  
Net income available to common shareholders   $ 4,211     $ 5,152     $ 121  
Denominator:
                           
Weighted average common shares outstanding (basic)     19,685       21,184       21,224  
Effect of stock options/warrants     62       21       2  
Weighted average common shares outstanding (diluted)     19,747       21,205       21,226  
Earnings per common share:
                           
Basic   $ 0.21     $ 0.24     $ 0.01  
Diluted     0.21       0.24       0.01