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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
                                 
    Three months
ended
September 30,
    Nine months
ended
September 30,
 
    2012     2011     2012     2011  

Net income per consolidated statements of income

  $ 4,563     $ 4,067     $ 13,246     $ 11,235  

Net earnings allocated to participating securities

    (17     (12     (50     (34
   

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings allocated to common stock

  $ 4,546     $ 4,055     $ 13,196     $ 11,201  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share computation:

                               

Distributed earnings allocated to common stock

  $ 2,045     $ 2,025     $ 6,130     $ 6,064  

Undistributed earnings allocated to common stock

    2,501       2,030       7,066       5,137  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings allocated to common stock

  $ 4,546     $ 4,055     $ 13,196     $ 11,201  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding, including shares considered participating securities

    12,448       12,315       12,430       12,290  

Less: Average participating securities

    (41     (31     (42     (35
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares

    12,407       12,284       12,388       12,255  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

  $ 0.37     $ 0.33     $ 1.07     $ 0.91  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share computation:

                               

Net earnings allocated to common stock

  $ 4,546     $ 4,055     $ 13,196     $ 11,201  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding for basic earnings per common share

    12,407       12,284       12,388       12,255  

Add: Dilutive effects of assumed exercises of stock options

    4       6       4       7  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares and dilutive potential common shares

    12,411       12,290       12,392       12,262  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

  $ 0.37     $ 0.33     $ 1.06     $ 0.91