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Earnings Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS PER SHARE
 
The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share. Net income for basic and diluted calculations does not differ.
 
(in thousands, except per share amounts)
2011
 
2010
 
2009
 
 
 
 
 
 
Net income
$
32,070

 
$
21,117

 
$
18,633

 
 
 
 
 
 
Average common shares:
 

 
 

 
 

Basic (weighted-average outstanding shares)
11,848

 
11,782

 
10,330

Dilutive potential common shares from stock options
118

 
111

 
33

 
Diluted (weighted-average outstanding shares)
11,966

 
11,893

 
10,363

 
 
 
 
 
 
Basic earnings per share
$
2.71

 
$
1.79

 
$
1.80

 
 
 
 
 
 
Diluted earnings per share
$
2.68

 
$
1.78

 
$
1.80

 
Stock options totaling 78,337 shares in 2011, 133,700 shares in 2010, and 304,533 shares in 2009 were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.