Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share

Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands - except per share amounts)	2012		2011		2012		2011
Distributed earnings allocated to common stock	$	3,881	$	3,888	$	7,772	$	7,776
Undistributed earnings allocated to common stock	8,515		10,807		16,166		17,419
Net earnings allocated to common stock	12,396		14,695		23,938		25,195
Net earnings allocated to participating securities	171		170		344		278
Net income allocated to common stock and participating securities	$	12,567	$	14,865	$	24,282	$	25,473
Weighted average shares outstanding for basic earnings per common share	24,263,881		24,254,334		24,261,649		24,262,803
Dilutive effect of stock compensation	10,017		9,262		10,774		8,724
Weighted average shares outstanding for diluted earnings per common share	24,273,898		24,263,596		24,272,423		24,271,527
Basic earnings per common share	$	0.51	$	0.61	$	0.99	$	1.04
Diluted earnings per common share	$	0.51	$	0.61	$	0.99	$	1.04