Earnings Per Common Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Common Share

The calculations of basic and diluted earnings per common share was as follows:  

	Three Months Ended
	March 31,
(Dollars in thousands, except per common share data)	2012		2011
Distributed earnings allocated to common stock	$	1,165	$	1,055
Undistributed earnings allocated to common stock	5,458		290
Net earnings allocated to common shareholders	$	6,623	$	1,345
Weighted-average common shares outstanding	10,513,388		10,471,819
Effect of potentially dilutive common shares	—		5,541
Total weighted-average diluted common shares outstanding	10,513,388		10,477,360
Earnings per common share:
Basic	$	0.63	$	0.13
Diluted	$	0.63	$	0.13

Restricted shares, stock options and SARs covering 188,212 and 248,093 common shares were excluded from the calculations for the three months ended March 31, 2012 and 2011, respectively, since they were anti-dilutive.