Earnings Per Common Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The calculations of basic and diluted earnings per common share for the years ended December 31 were as follows:  

(Dollars in thousands, except per common share data)	2014		2013		2012
Distributed earnings allocated to common shareholders	$	7,095	$	5,749	$	4,770
Undistributed earnings allocated to common shareholders	9,472		11,685		15,494
Net earnings allocated to common shareholders	$	16,567	$	17,434	$	20,264
Weighted-average common shares outstanding	12,183,352		10,581,222		10,527,885
Effect of potentially dilutive common shares	122,872		98,195		401
Total weighted-average diluted common shares outstanding	12,306,224		10,679,417		10,528,286
Earnings per common share:
Basic	$	1.36	$	1.65	$	1.92
Diluted	$	1.35	$	1.63	$	1.92
Anti-dilutive common shares excluded from calculation:
Stock options and stock appreciation rights	55,184		91,902		144,535