Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 23 – Earnings Per Share

Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from assumed issuance. Potential common shares that may be issued by the Company relate solely from outstanding stock options, and are determined using the treasury stock method. Earnings per share have been computed based on the following:

	Three months ended March 31,
(In thousands)	2013		2012
Net income	$	8,477	$	3,931
Average number of common shares outstanding		16,002		15,979
Effect of dilutive stock options		89		64
Average number of common shares outstanding used to calculate diluted earnings per share		16,091		16,043
Options excluded from diluted earnings per share because the effect of these options was antidilutive		856		869