Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 3 - Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. There were no anti-dilutive shares in the six months ended June 30, 2013 and 2012. The calculations of basic and diluted earnings per share are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands except share and per share data)	2013		2012		2013		2012
Basic
Net income	$	6,073	$	5,962	$	12,105	$	11,870
Weighted-average common shares
outstanding		11,428,984		11,364,057		11,425,525		11,366,639
Basic earnings per share	$	.53	$	.53	$	1.06	$	1.05
Diluted
Net income	$	6,073	$	5,962	$	12,105	$	11,870
Weighted-average common shares
outstanding		11,428,984		11,364,057		11,425,525		11,366,639
Effect of dilutive restricted stock, stock
options and stock appreciation rights		187,403		183,763		181,169		179,679
Weighted-average common shares
outstanding assuming dilution		11,616,387		11,547,820		11,606,694		11,546,318
Diluted earnings per share	$	.52	$	.52	$	1.04	$	1.03