0000105418 2010-12-26 2011-12-31 0000105418 wmk:DepreciationExpenseMember 2012-04-01 2012-06-30 0000105418 wmk:DepreciationExpenseMember 2012-01-01 2012-06-30 0000105418 2012-04-01 2012-06-30 0000105418 2011-03-27 2011-06-25 0000105418 2011-06-25 0000105418 2010-12-25 0000105418 2012-06-11 0000105418 us-gaap:USTreasuryAndGovernmentMember 2012-06-30 0000105418 us-gaap:EquitySecuritiesMember 2012-06-30 0000105418 us-gaap:USTreasuryAndGovernmentMember 2011-12-31 0000105418 us-gaap:EquitySecuritiesMember 2011-12-31 0000105418 2010-12-26 2011-06-25 0000105418 2012-06-30 0000105418 2011-12-31 0000105418 2012-08-09 0000105418 2012-01-01 2012-06-30 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares false --12-29 Q2 2012 2012-06-30 10-Q 0000105418 26898443 Accelerated Filer WEIS MARKETS INC

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<div> <div class="MetaData"> (1) Significant Accounting Policies Basis of Presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring deferrals and accruals) considered necessary for a fair presentation have been included. The operating results for the periods presented are not necessarily indicative of the results to be expected for the full year. The Company has evaluated subsequent events for disclosure through the date of issuance of the accompanying unaudited consolidated interim financial statements and there were no material subsequent events which require additional disclosure. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's latest Annual Report on Form 10-K. </div> </div>

2012-06-11

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0.58

0.29

0.6

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21749000

<div> <div> In the first quarter of 2012, the Company changed its accounting policy for property and equipment. Property and equipment continue to be recorded at cost. Prior to January 1, 2012, the Company provided for depreciation of buildings and improvements and equipment using accelerated methods. Effective January 1, 2012, the Company changed its method of depreciation for this group of assets from the accelerated methods to straight-line. Management deemed the change preferable because the straight-line method will more accurately reflect the pattern of usage and the expected benefits of such assets. Management also considered that the change will provide greater consistency with the depreciation methods used by other companies in the Company's industry. The change was accounted for as a change in estimate. The net book value of assets acquired prior to January 1, 2012 with useful lives remaining will be depreciated using the straight-line method prospectively. If the Company had continued using accelerated methods, depreciation expense would have been $2.9 million greater in the second quarter of 2012 and $5.8 million greater in the first twenty-six weeks of 2012. Had accelerated methods continued to be used, after considering the impact of income taxes, the effect would decrease net income by $1.6 million or $.06 per share in the second quarter of 2012 and $3.2 million or $.12 per share in the first twenty-six weeks of 2012. Leasehold improvements are unaffected by the change noted above. Leasehold improvements continue to be amortized using the straight line method over the terms of the leases or the useful lives of the assets, whichever is shorter.</div> </div>

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<div> <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Amortized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Fair </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Cost </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Value </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264"> Available-for-sale:</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> Due within one year</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 1,508</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 1,489</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264"> Due after one year through five years</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 48,397</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 48,438</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> Due after five years through ten years</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 19,813</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 21,221</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264"> Due after ten years</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,998</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,999</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> Equity securities</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 1,136</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 9,447</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 72,852</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 82,594</td></tr></table> </div>

<div> <div> <div> <div> <div> <div> (3) Marketable Securities The Company's marketable securities are all classified as available-for-sale. FASB has established three levels of inputs that may be used to measure fair value: Level 1 Observable inputs such as quoted prices in active markets for identical assets or liabilities; Level 2 Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and Level 3 Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions. The Company's marketable securities valued using Level 1 inputs include highly liquid equity securities, for which quoted market prices are available. The Company's bond portfolio is valued using Level 2 inputs. The Company's bonds are valued using a combination of pricing for similar securities, recently executed transactions, cash flow models with yield curves and other pricing models utilizing observable inputs, which are considered Level 2 inputs.   For Level 2 investment valuation, the Company utilizes standard pricing procedures of its investment brokerage firm(s) which include various third party pricing services such as FT Interactive Data, Reuters, Bloomberg and JP Morgan Pricing Direct. These procedures also require specific price monitoring practices as well as pricing review reports, valuation oversight and pricing challenge procedures to maintain the most accurate representation of investment fair market value. Marketable securities, as of June 30, 2012 and December 31, 2011, consisted of: <div> <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Amortized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Fair </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> June 30, 2012 </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Cost </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gains </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Losses </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Value </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192"> Available-for-sale:</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 1</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   Equity securities</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,136</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 8,311</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 9,447</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 2</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   Municipal bonds</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 71,716</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,450</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 19</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 73,147</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 72,852</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 9,761</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 19</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 82,594</td></tr></table>   <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Amortized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Fair </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> December 31, 2011 </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Cost </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gains </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Losses </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Value </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192"> Available-for-sale:</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 1</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   Equity securities</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,713</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 7,735</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 9,448</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 2</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   <a name="_GoBack"> </a>Municipal bonds</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 78,388</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,512</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 79,900</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 80,101</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 9,247</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 89,348</td></tr></table>  </div> Maturities of marketable securities classified as available-for-sale at June 30, 2012, were as follows: <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Amortized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Fair </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Cost </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Value </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264"> Available-for-sale:</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> Due within one year</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 1,508</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 1,489</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264"> Due after one year through five years</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 48,397</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 48,438</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> Due after five years through ten years</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 19,813</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 21,221</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264"> Due after ten years</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,998</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,999</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="264"> Equity securities</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 1,136</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 9,447</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2.75in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="264">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="90"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 72,852</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 82,594</td></tr></table></div></div></div></div></div> </div>

283118000

294991000

1029004000

1068260000

191820000

202821000

<div> (4) Acquisition of Business On June 11, 2012, Weis Markets, Inc. acquired three former Genuardi's stores located in Conshohocken, Doylestown and East Norristown, Pennsylvania from Safeway Inc. Weis Markets, Inc. acquired the store locations and operations of these three former Genuardi's stores in an effort to establish its retail presence in the Delaware Valley. The results of operations of the three former Genuardi's stores are included in the accompanying consolidated financial statements from the date of acquisition. The three former Genuardi's stores contributed $2.0 million to sales in the second quarter. The cash purchase price paid to Safeway Inc. was $6.1 million. The Company recognized a gain of $414,000 on the bargain purchase. The purchased assets include inventories, equipment and intangible assets. Weis Markets, Inc. assumed all three lease obligations of the former Genuardi's stores.   The following table summarizes the fair values of the assets acquired at the date of acquisition.   <div class="MetaData" align="center"> <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" width="106"> June 11, 2012 </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Inventories</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106"> 1,116</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Equipment</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106"> 5,294</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Intangible assets</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106">              120</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Total assets acquired</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106">           6,530</td></tr></table></div> </div>

-15601000

-16138000

-85499000

-38659000

62753000

64148000

39301000

20701000

43229000

23204000

5800000

2900000

0.12

0.06

3200000

1600000

<div>   <div> <div> (2) Current Relevant Accounting Standards In May 2011, the Financial Accounting Standards Board (FASB) issued new authoritative guidance to achieve a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and International Financial Reporting Standards. This new guidance amends current fair value measurement and disclosure guidance to include increased transparency around valuation inputs and investment categorization. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. Adoption of the new guidance did not have an impact on the Company's consolidated financial statements.   In September 2011, FASB issued additional authoritative guidance on testing goodwill for impairment. The guidance permits an entity to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. This new guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company does not expect the adoption of the new guidance to have an impact on the consolidated financial statements.In December 2011, the FASB and International Accounting Standards Board jointly issued additional authoritative guidance to enhance disclosure requirements, including both gross and net information, for instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement.  The guidance is effective for annual reporting periods beginning on or after January 1, 2013 and is to be applied retrospectively.  The Company is currently assessing the impact of this guidance on its disclosures.  Adoption of the new guidance will not have an impact on the Company's consolidated financial statements, as the guidance impacts disclosure requirements only. </div></div> </div>

59942000

31690000

65738000

35309000

738000

559000

686000

810000

142000

327000

292000

418000

3800000

4003000

-596000

-232000

-394000

-392000

423000

165000

314000

313000

482000

355000

517000

603000

414000

3783000

5283000

14434000

15467000

15601000

16138000

50045000

9835000

6116000

121000

90000

47352000

40358000

8995000

8826000

4880000

6561000

17436000

578000

304000

575003000

595483000

<div> (5) Reclassification The Company reclassified certain immaterial amounts in the Consolidated Balance Sheets. </div>

881346000

908437000

1336114000

676660000

1338707000

677097000

<div> <div> <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Amortized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Fair </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> June 30, 2012 </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Cost </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gains </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Losses </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Value </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192"> Available-for-sale:</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 1</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   Equity securities</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,136</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 8,311</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 9,447</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 2</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   Municipal bonds</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 71,716</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,450</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 19</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 73,147</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 72,852</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 9,761</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 19</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 82,594</td></tr></table>   <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gross </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Unrealized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Amortized </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Holding </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Fair </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> December 31, 2011 </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Cost </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Gains </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Losses </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> Value </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192"> Available-for-sale:</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 1</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   Equity securities</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,713</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 7,735</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 9,448</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192"> Level 2</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="192">   <a name="_GoBack"> </a>Municipal bonds</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 78,388</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 1,512</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; background: silver; padding-top: 0in;" valign="bottom" width="67"> 79,900</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="192">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 80,101</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 9,247</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> ---</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.7in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="67"> 89,348</td></tr></table>  </div> </div>

<div> <div class="MetaData" align="center"> <table style="line-height: 115%; border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> (dollars in thousands) </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" width="106"> June 11, 2012 </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Inventories</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106"> 1,116</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Equipment</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106"> 5,294</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Intangible assets</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106">              120</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 1.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="144"> Total assets acquired</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.2in; padding-right: 0in; padding-top: 0in;" valign="top" width="19"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.1in; padding-right: 0in; padding-top: 0in;" valign="top" width="106">           6,530</td></tr></table></div> </div>

<div> <div> <div> <div> <div> <div class="MetaData"> (1) Significant Accounting Policies Basis of Presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring deferrals and accruals) considered necessary for a fair presentation have been included. The operating results for the periods presented are not necessarily indicative of the results to be expected for the full year. The Company has evaluated subsequent events for disclosure through the date of issuance of the accompanying unaudited consolidated interim financial statements and there were no material subsequent events which require additional disclosure. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's latest Annual Report on Form 10-K. </div></div> <div> In the first quarter of 2012, the Company changed its accounting policy for property and equipment. Property and equipment continue to be recorded at cost. Prior to January 1, 2012, the Company provided for depreciation of buildings and improvements and equipment using accelerated methods. Effective January 1, 2012, the Company changed its method of depreciation for this group of assets from the accelerated methods to straight-line. Management deemed the change preferable because the straight-line method will more accurately reflect the pattern of usage and the expected benefits of such assets. Management also considered that the change will provide greater consistency with the depreciation methods used by other companies in the Company's industry. The change was accounted for as a change in estimate. The net book value of assets acquired prior to January 1, 2012 with useful lives remaining will be depreciated using the straight-line method prospectively. If the Company had continued using accelerated methods, depreciation expense would have been $2.9 million greater in the second quarter of 2012 and $5.8 million greater in the first twenty-six weeks of 2012. Had accelerated methods continued to be used, after considering the impact of income taxes, the effect would decrease net income by $1.6 million or $.06 per share in the second quarter of 2012 and $3.2 million or $.12 per share in the first twenty-six weeks of 2012. Leasehold improvements are unaffected by the change noted above. Leasehold improvements continue to be amortized using the straight line method over the terms of the leases or the useful lives of the assets, whichever is shorter.</div>  </div></div>  </div> </div>

745886000

773269000

6149364

150857000

26898443

18103000 18730000 974954000 494003000 967983000 489498000 -277000 -5869000 226191000 236288000 3 2000000 896743000 924126000