Earnings Per Common Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Share

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

	Three Months Ended
	March 31,
(Dollars in thousands, except per share data)	2014		2013
Distributed earnings allocated to shareholders	$	1,605	$	1,275
Undistributed earnings allocated to shareholders	3,146		3,702
Net earnings allocated to shareholders	$	4,751	$	4,977
Weighted-average shares outstanding	10,636,089		10,556,261
Effect of potentially dilutive shares	104,795		15,122
Total weighted-average diluted shares outstanding	10,740,884		10,571,383
Earnings per share:
Basic	$	0.45	$	0.47
Diluted	$	0.44	$	0.47
Anti-dilutive shares excluded from calculation:
Stock options and SARs	73,422		116,566