Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

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,
	2016			2015
Basic earnings per common share computation:
Net income per consolidated statements of income	$	5,019		$	5,565
Net earnings allocated to participating securities		(31	)		(29	)
Net earnings allocated to common stock	$	4,988		$	5,536
Distributed earnings allocated to common stock	$	2,369		$	2,370
Undistributed earnings allocated to common stock		2,619			3,166
Net earnings allocated to common stock	$	4,988		$	5,536
Weighted average common shares outstanding, including shares considered participating securities		14,436			14,424
Less: Average participating securities		(79	)		(67	)
Weighted average shares		14,357			14,357
Basic earnings per common share	$	0.35		$	0.39
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	4,988		$	5,536
Weighted average common shares outstanding for basic earnings per common share		14,357			14,357
Add: Dilutive effects of assumed exercises of stock options		0			0
Weighted average shares and dilutive potential common shares		14,357			14,357
Diluted earnings per common share	$	0.35		$	0.39