XML 1070 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share

The computation of basic and diluted earnings per share is shown below (in thousands, except per share data).

                         
    Years Ended December 31  
   

2012

   

2011

   

2010

 
       

Basic earnings per common share computation

                       

Net income per consolidated statements of income

  $ 17,136     $ 15,104     $ 11,316  

Net earnings allocated to participating securities

    (62     (42     (33
   

 

 

   

 

 

   

 

 

 

Net earnings allocated to common stock

  $ 17,074     $ 15,062     $ 11,283  
   

 

 

   

 

 

   

 

 

 
                         

Distributed earnings allocated to common stock

  $ 8,182     $ 8,101     $ 6,914  

Undistributed earnings allocated to common stock

    8,892       6,961       4,369  
   

 

 

   

 

 

   

 

 

 

Net earnings allocated to common stock

  $ 17,074     $ 15,062     $ 11,283  
   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding, including shares considered participating securities

    12,441       12,306       10,630  

Less: Average participating securities

    (41     (33     (30
   

 

 

   

 

 

   

 

 

 

Weighted average shares

    12,400       12,273       10,600  
   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

  $ 1.38     $ 1.23     $ 1.06  
   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share computation

                       

Net earnings allocated to common stock

  $ 17,074     $ 15,062     $ 11,283  
   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding for basic earnings per common share

    12,400       12,273       10,600  

Add: Dilutive effects of assumed exercises of stock options

    3       6       9  
   

 

 

   

 

 

   

 

 

 

Weighted average shares and dilutive potential common shares

    12,403       12,279       10,609  
   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

  $ 1.38     $ 1.23     $ 1.06