Earnings Per Share

6 Months Ended

Jun. 30, 2014

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, 2014 and 2013. 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)	2014		2013		2014		2013
Basic
Net income	$	6,035	$	6,073	$	11,846	$	12,105
Weighted-average common shares
outstanding		11,489,423		11,428,984		11,483,801		11,425,525
Basic earnings per share	$	.52	$	.53	$	1.03	$	1.06
Diluted
Net income	$	6,035	$	6,073	$	11,846	$	12,105
Weighted-average common shares
outstanding		11,489,423		11,428,984		11,483,801		11,425,525
Effect of dilutive restricted stock
and stock appreciation rights		169,724		187,403		182,146		181,169
Weighted-average common shares
outstanding assuming dilution		11,659,147		11,616,387		11,665,947		11,606,694
Diluted earnings per share	$	.52	$	.52	$	1.02	$	1.04