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Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share using the two class method (in thousands, except per share data):
 
 
Three months ended June 30,
 
Six months ended June 30,
2015
 
2014
 
2015
 
2014
Distributed earnings allocated to common stock
$
6,344

 
$
6,178

 
$
12,688

 
$
12,356

Undistributed earnings allocated to common stock
5,505

 
6,448

 
16,950

 
13,931

Net earnings allocated to common shareholders
$
11,849

 
$
12,626

 
$
29,638

 
$
26,287

 
 
 
 
 
 
 
 
Average shares outstanding
15,104

 
15,556

 
15,079

 
15,583

Effect of dilutive securities:
 

 
 

 
 
 
 
Warrant outstanding
—

 
62

 
—

 
62

Employee stock awards
23

 
88

 
22

 
93

Shares for diluted earnings per share
15,127

 
15,706

 
15,101

 
15,738

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.78

 
$
0.81

 
$
1.97

 
$
1.69

Diluted earnings per share
$
0.78

 
$
0.80

 
$
1.96

 
$
1.67



During the six months ended June 30, 2015 and 2014, there were no anti-dilutive options outstanding.