For the three months ended

June 30,

For the six months ended

June 30,

2013

2012

2013

2012

(In thousands, except per share data)

Net income, as reported

$

9,627

$

8,637

$

16,383

$

15,766

Divided by:

Weighted average common shares outstanding

30,213

30,472

30,330

30,434

Weighted average common stock equivalents

22

20

27

22

Total weighted average common shares outstanding and common stock equivalents

30,235

30,492

30,357

30,456

Basic earnings per common share

$

0.32

$

0.28

$

0.54

$

0.52

Diluted earnings per common share (1)

$

0.32

$

0.28

$

0.54

$

0.52

Dividend payout ratio

40.6

%

46.4

%

48.1

%

50.0

%