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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted Earnings per Common Share
The calculations of basic and diluted earnings per share were as follows:  
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(Dollars in thousands, except per share data)
2014
2013
 
2014
2013
Distributed earnings allocated to shareholders
$
1,649

$
1,491

 
$
4,862

$
4,256

Undistributed earnings allocated to shareholders
2,548

1,000

 
7,536

8,098

Net earnings allocated to shareholders
$
4,197

$
2,491

 
$
12,398

$
12,354

 
 
 
 
 
 
Weighted-average shares outstanding
12,632,341

10,589,126

 
11,348,625

10,574,130

Effect of potentially dilutive shares
133,539

103,429

 
115,395

90,869

Total weighted-average diluted shares outstanding
12,765,880

10,692,555

 
11,464,020

10,664,999

 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
Basic
$
0.33

$
0.24

 
$
1.09

$
1.17

Diluted
$
0.33

$
0.23

 
$
1.08

$
1.16

 
 
 
 
 
 
Anti-dilutive shares excluded from calculation:
 
 
 
 
 
Stock options and SARs
51,727

81,340

 
55,604

95,991