Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2013

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):

	Three months ended March 31,
	2013			2012
Basic earnings per common share computation:
Net income per consolidated statements of income	$	4,297		$	4,347
Net earnings allocated to participating securities		(20	)		(16	)
Net earnings allocated to common stock	$	4,277		$	4,331
Distributed earnings allocated to common stock	$	2,053		$	2,041
Undistributed earnings allocated to common stock		2,224			2,290
Net earnings allocated to common stock	$	4,277		$	4,331
Weighted average common shares outstanding, including shares considered participating securities		12,493			12,402
Less: Average participating securities		(49	)		(40	)
Weighted average shares		12,444			12,362
Basic earnings per common share	$	0.34		$	0.35
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	4,277		$	4,331
Weighted average common shares outstanding for basic earnings per common share		12,444			12,362
Add: Dilutive effects of assumed exercises of stock options		1			4
Weighted average shares and dilutive potential common shares		12,445			12,366
Diluted earnings per common share	$	0.34		$	0.35