Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2014

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, 2014 and 2013 (in thousands):


	Three months ended June 30,						Six months ended June 30,
	2014			2013			2014			2013
Weighted average shares issued net of Treasury shares		17,258			17,649			17,327			17,740
Less: Unallocated ESOP shares		(416	)		(450	)		(420	)		(455	)
Unallocated incentive award shares and shares held by deferred compensation plan		(102	)		(94	)		(95	)		(91	)

Average basic shares outstanding		16,740			17,105			16,812			17,194
Add: Effect of dilutive securities:
Stock options		61			—			109			—
Shares held by deferred compensation plan		21			39			25			39

Average diluted shares outstanding		16,822			17,144			16,946			17,233