Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

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 share and per share data):

	Three months ended						Six months ended
	June 30,						June 30,
	2014			2013			2014			2013
Basic earnings per common share computation:
Net income per consolidated statements of income	$	5,617		$	2,951		$	10,783		$	7,248
Net earnings allocated to participating securities		(25	)		(15	)		(46	)		(34	)
Net earnings allocated to common stock	$	5,592		$	2,936		$	10,737		$	7,214
Distributed earnings allocated to common stock	$	2,375		$	2,053		$	4,751		$	4,107
Undistributed earnings allocated to common stock		3,217			883			5,986			3,107
Net earnings allocated to common stock	$	5,592		$	2,936		$	10,737		$	7,214
Weighted average common shares outstanding, including shares considered participating securities		14,450			12,510			14,447			12,502
Less: Average participating securities		(60	)		(57	)		(56	)		(53	)
Weighted average shares		14,390			12,453			14,391			12,449
Basic earnings per common share	$	0.39		$	0.24		$	0.75		$	0.58
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	5,592		$	2,936		$	10,737		$	7,214
Weighted average common shares outstanding for basic earnings per common share		14,390			12,453			14,391			12,449
Add: Dilutive effects of assumed exercises of stock options		1			1			2			1
Weighted average shares and dilutive potential common shares		14,391			12,454			14,393			12,450
Diluted earnings per common share	$	0.39		$	0.24		$	0.75		$	0.58