Earnings Per Common Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 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:	$	9,740	$	6,513	$	16,791	$	14,253
Denominator:
Weighted average shares		10,185		10,246		10,257		10,203
Denominator for basic earnings per common share		10,185		10,246		10,257		10,203
Effect of dilutive securities:
Employee stock options		26		56		31		76
Other stock compensation plans		82		52		78		45
Dilutive potential common shares		108		108		109		121
Denominator for diluted earnings per common share -
adjusted weighted average shares and assumed conversions		10,293		10,354		10,366		10,324
Basic earnings per common share	$	0.96	$	0.64	$	1.64	$	1.40
Diluted earnings per common share	$	0.95	$	0.63	$	1.62	$	1.38