Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30,						Six months ended June 30,
	2015			2014			2015			2014
Basic earnings per common share computation:
Net income per consolidated statements of income	$	5,602		$	5,617		$	11,167		$	10,783
Net earnings allocated to participating securities		(33	)		(25	)		(62	)		(46	)
Net earnings allocated to common stock	$	5,569		$	5,592		$	11,105		$	10,737
Distributed earnings allocated to common stock	$	2,362		$	2,375		$	4,731		$	4,751
Undistributed earnings allocated to common stock		3,207			3,217			6,374			5,986
Net earnings allocated to common stock	$	5,569		$	5,592		$	11,105		$	10,737
Weighted average common shares outstanding, including shares considered participating securities		14,404			14,450			14,410			14,447
Less: Average participating securities		(80	)		(60	)		(73	)		(56	)
Weighted average shares		14,324			14,390			14,337			14,391
Basic earnings per common share	$	0.39		$	0.39		$	0.77		$	0.75
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	5,569		$	5,592		$	11,105		$	10,737
Weighted average common shares outstanding for basic earnings per common share		14,324			14,390			14,366			14,391
Add: Dilutive effects of assumed exercises of stock options		0			1			0			2
Weighted average shares and dilutive potential common shares		14,324			14,391			14,366			14,393
Diluted earnings per common share	$	0.39		$	0.39		$	0.77		$	0.75