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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Schedule of weighted average number of shares
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