Earnings Per Common Share

6 Months Ended

Jun. 30, 2011

Earnings Per Common Share [Abstract]

Earnings Per Common Share

6.  Earnings Per Common Share

Basic net income per common share is based upon the weighted average number of common shares outstanding.  Diluted net income per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect of stock options and restricted stock, using the treasury stock and if-converted methods.  The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Numerators
Net income	$	3,966	$	3,336	$	8,235	$	7,232
Denominators
Weighted average common shares - basic		11,548,139		11,416,021		11,528,776		11,393,022
Dilutive effect of restricted stock		199,091		218,619		192,585		204,729
Dilutive effect of employee stock options		-		6,186		-		6,099
Weighted average common shares - diluted		11,747,230		11,640,826		11,721,361		11,603,850
Basic earnings per share	$	0.34	$	0.29	$	0.71	$	0.63
Diluted earnings per share	$	0.34	$	0.29	$	0.70	$	0.62