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Per Share Data
 12 Months Ended
Dec. 31, 2011
Per Share Data

NOTE 10 – Per Share Data

 

The computation of Basic Earnings per Share and Diluted Earnings per Share are provided below:

 

    2011     2010     2009  
                   
Basic Earnings per Share:                        
Net Income   $ 20,249     $ 13,405     $ 12,218  
Weighted Average Shares Outstanding     12,581,646       11,098,836       11,065,917  
                         
Basic Earnings per Share   $ 1.61     $ 1.21     $ 1.10  
                         
Diluted Earnings per Share:                        
Net Income   $ 20,249     $ 13,405     $ 12,218  
                         
Weighted Average Shares Outstanding     12,581,646       11,098,836       11,065,917  
Stock Options, Net     6,102       6,051       3,071  
Diluted Weighted Average Shares Outstanding     12,587,748       11,104,887       11,068,988  
                         
Diluted Earnings per Share   $ 1.61     $ 1.21     $ 1.10  

 

Stock options for 89,276, 99,276, and 117,898 shares of common stock were not considered in computing diluted earnings per common share for 2011, 2010, and 2009, respectively, because they were anti-dilutive.