Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Net income per consolidated statements of income	$	4,703		$	4,563		$	11,951		$	13,246
Net earnings allocated to participating securities		(21	)		(17	)		(56	)		(50	)
Net earnings allocated to common stock	$	4,682		$	4,546		$	11,895		$	13,196
Basic earnings per common share computation:
Distributed earnings allocated to common stock	$	2,054		$	2,045		$	6,161		$	6,130
Undistributed earnings allocated to common stock		2,628			2,501			5,734			7,066
Net earnings allocated to common stock	$	4,682		$	4,546		$	11,895		$	13,196
Weighted average common shares outstanding, including shares considered participating securities		12,513			12,448			12,505			12,430
Less: Average participating securities		(51	)		(41	)		(52	)		(42	)
Weighted average shares		12,462			12,407			12,453			12,388
Basic earnings per common share	$	0.38		$	0.37		$	0.96		$	1.07
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	4,682		$	4,546		$	11,895		$	13,196
Weighted average common shares outstanding for basic earnings per common share		12,462			12,407			12,453			12,388
Add: Dilutive effects of assumed exercises of stock options		2			4			1			4
Weighted average shares and dilutive potential common shares		12,464			12,411			12,454			12,392
Diluted earnings per common share	$	0.38		$	0.37		$	0.96		$	1.06