Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings per share have been computed based on the following:

Three months ended Six months ended


	Three months ended				Six months ended
	June 30,				June 30,
(in thousands)	2014		2013		2014		2013
Net income	$	4,859	$	6,325	$	12,224	$	14,802
Average number of common shares outstanding		16,129		16,028		16,113		16,015
Effect of dilutive stock options		181		107		203		98

Average number of common shares outstanding used to calculate diluted earnings per share		16,310		16,135		16,316		16,113

Options excluded from diluted earnings per share because the effect of these options was antidilutive		101		604		101		731