Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2015

Reconciliation of 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, 2015 and 2014 (in thousands):


	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Weighted average shares issued net of Treasury shares		16,811			17,258			16,856			17,327
Less: Unallocated ESOP shares		(382	)		(416	)		(386	)		(420	)
Unallocated incentive award shares and shares held by deferred compensation plan		(28	)		(102	)		(37	)		(95	)

Average basic shares outstanding		16,401			16,740			16,433			16,812
Add: Effect of dilutive securities:
Stock options		20			61			20			109
Shares held by deferred compensation plan		172			21			160			25

Average diluted shares outstanding		16,593			16,822			16,613			16,946