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Earnings Per Share
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

Note 9. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
(Dollars and shares in thousands, except per share data)    2013      2012      2013      2012  

Numerator for basic and diluted earnings per share – income available to common shareholders

   $ 6,039       $ 5,770       $ 16,267       $ 15,796   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for basic earnings per share – weighted-average shares outstanding

     16,658         16,760         16,714         16,760   

Effect of dilutive securities – employee stock options and awards

     84         60         61         49   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted earnings per share – adjusted weighted-average shares outstanding

     16,742         16,820         16,775         16,809   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 0.36       $ 0.34       $ 0.97       $ 0.94   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share

   $ 0.36       $ 0.34       $ 0.97       $ 0.94   
  

 

 

    

 

 

    

 

 

    

 

 

 

Average anti-dilutive options and awards excluded from computation of diluted earnings per share

     470         588         567         579