Earnings Per Common Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per common share data)	2012		2011		2012		2011
Distributed earnings allocated to common shareholders	$	1,166	$	1,056	$	3,496	$	2,110
Undistributed earnings allocated to common shareholders	3,620		2,614		12,900		5,584
Net earnings allocated to common shareholders	$	4,786	$	3,670	$	16,396	$	7,694
Weighted-average common shares outstanding	10,530,800		10,484,609		10,522,874		10,478,310
Effect of potentially dilutive common shares	76		35,064		31		20,398
Total weighted-average diluted common shares outstanding	10,530,876		10,519,673		10,522,905		10,498,708
Earnings per common share:
Basic	$	0.45	$	0.35	$	1.56	$	0.74
Diluted	$	0.45	$	0.35	$	1.56	$	0.73

Restricted shares, stock options and SARs covering 147,756 and 248,093 common shares were excluded from the calculations for the nine months ended September 30, 2012 and 2011, respectively, since they were anti-dilutive.