EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2012

EARNINGS PER COMMON SHARE [Abstract]

EARNINGS PER COMMON SHARE

11.  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 restricted stock, using the if-converted methods.

The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share.

	Year ended December 31,
	2012		2011		2010
Numerators
Net income	$	16,487	$	16,389	$	12,931
Denominators
Weighted average common shares - basic		11,701,607		11,559,895		11,420,524
Dilutive effect of restricted stock		137,575		181,618		209,743
Dilutive effect of employee stock options		-		-		6,118
Weighted average common shares - diluted	$	11,839,182	$	11,741,513	$	11,636,385
Basic earnings per share	$	1.41	$	1.42	$	1.13
Diluted earnings per share	$	1.39	$	1.40	$	1.11