Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2013

Reconciles Shares Outstanding for Basic and Diluted Earnings Per Share

The following reconciles shares outstanding for basic and diluted earnings per share for the three and six months ended June 30, 2013 and 2012 (in thousands):


	Three months ended						Six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Weighted average shares issued net of Treasury shares		17,649			18,468			17,740			18,560
Less: Unallocated ESOP shares		(450	)		(484	)		(455	)		(489	)
Unallocated incentive award shares and shares held by deferred compensation plan		(94	)		(95	)		(91	)		(94	)

Average basic shares outstanding		17,105			17,889			17,194			17,977
Add: Effect of dilutive securities:
Shares held by deferred compensation plan		39			41			39			41

Average diluted shares outstanding		17,144			17,930			17,233			18,018