Net income

$

35,024

$

36,053

$

29,649

Dividends and undistributed earnings allocated to participating securities

(572

)

(578

)

(554

)

Net income available to common shareholders

$

34,452

$

35,475

$

29,095

Denominator (shown as actual):

Basic weighted average common shares outstanding

7,697,806

7,656,526

7,754,507

Dilutive shares

195,440

118,907

119,133

Diluted weighted average common shares outstanding

7,893,246

7,775,433

7,873,640

Basic earnings per share

$

4.48

$

4.63

$

3.75

Diluted earnings per share

$

4.36

$

4.56

$

3.70

Potentially dilutive weighted average share options that were not included in the computation of diluted earnings per share because to do so would be anti-dilutive.

11,640

56,520

61,912