Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The Company announced a stock repurchase program for up to 500,000 shares of the Company’s outstanding common stock on December 3, 2007.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

        On March 31, 2005, the Company announced a plan to repurchase 200,000 shares of the Company’s common stock. Subject to availability, the transactions were made from time to time on the open market or directly from shareholders at prevailing market prices. All 200,000 shares were repurchased during the second quarter of 2005, thus terminating the program. An additional 1,573 shares were also repurchased.

        The Company may adopt additional repurchase plans in the future.

             Total Number     Average       Total Number of Shares        Maximum Number of Shares
    Period       of Shares      Price Paid      Purchased as Part of     that May Yet Be Purchased
                 Purchased       Per Share    Publicly Announced Plans         Under the Plans


 April 1   30,
     2005            74,973           $14.84              74,973                   25,027
  May 1   31,
     2005           126,600            14.56             126,600                        0
 June 1
    2005                  0                0                   0                        0

     Total          201,573          $ 14.79             201,573                        0