Earnings Per Common Share

6 Months Ended

Jun. 30, 2011

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

11. EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
	In thousands, except per share data
Numerator:
Numerator for basic and diluted earnings per common share -
net income available to common stockholders:	$	6,373	$	5,987	$	7,052	$	7,740
Denominator:
Weighted average shares		10,303		10,190		10,294		10,181
Denominator for basic earnings per common share		10,303		10,190		10,294		10,181
Effect of dilutive securities:
Employee stock options		33		82		37		85
Other stock compensation plans		82		41		79		38
Dilutive potential common shares		115		123		116		123
Denominator for diluted earnings per common share -
adjusted weighted average shares and assumed conversions		10,418		10,313		10,410		10,304
Basic earnings per common share	$	0.62	$	0.59	$	0.69	$	0.76
Diluted earnings per common share	$	0.61	$	0.58	$	0.68	$	0.75