EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 20 - EARNINGS PER SHARE

Following are the factors used in the earnings per share computations:

	2013		2012		2011
Basic earnings per common share:
Net income	$	38,839,000	$	35,394,000	$	30,662,000
Weighted-average common shares outstanding		16,436,131		16,323,870		16,204,952
Basic earnings per common share	$	2.36	$	2.17	$	1.89
Diluted earnings per common share:
Net income	$	38,839,000	$	35,394,000	$	30,662,000
Weighted-average common shares outstanding for basic earnings per common share		16,436,131		16,323,870		16,204,952
Add: Dilutive effect of assumed exercise of warrant		61,436		38,224		10,370
Add: Dilutive effect of assumed exercises of stock options and awards		136,771		120,843		109,322
Average shares and dilutive potential common shares		16,634,338		16,482,937		16,324,644
Diluted earnings per common share	$	2.33	$	2.15	$	1.88

There were no antidilutive stock options for 2013 and 2012. Stock options exercisable for 69,000 shares of common stock were not considered in computing diluted earnings per common share for 2011 because they were antidilutive.