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Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

2.  Earnings Per Share

The computation of basic and diluted earnings per share is shown below (in thousands, except per share data). For the years ended December 31, 2011, 2010, and 2009, options to purchase 75,500, 84,250, and 86,750 shares of common stock were not considered in computing diluted earnings per share because they were anti-dilutive.

		Years Ended December 31
		2011				2010				2009
Net income per consolidated statements of income		$	15,104			$	11,316			$	8,512
Net earnings allocated to participating securities			(42	)			(33	)			(23	)
Net earnings allocated to common stock		$	15,062			$	11,283			$	8,489
Basic earnings per common share computation
Distributed earnings allocated to common stock		$	8,101			$	6,914			$	5,704
Undistributed earnings allocated to common stock			6,961				4,369				2,785
Net earnings allocated to common stock		$	15,062			$	11,283			$	8,489
Weighted average common shares outstanding, including shares considered participating securities			12,306				10,630				8,668
Less: Average participating securities			(33	)			(30	)			(13	)
Weighted average shares			12,273				10,600				8,655
Basic earnings per common share		$	1.23			$	1.06			$	0.98
Diluted earnings per common share computation
Net earnings allocated to common stock		$	15,062			$	11,283			$	8,489
Weighted average common shares outstanding for basic earnings per common share			12,273				10,600				8,655
Add: Dilutive effects of assumed exercises of stock options			6				9				17
Weighted average shares and dilutive potential common shares			12,279				10,609				8,672
Diluted earnings per common share		$	1.23			$	1.06			$	0.98

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 55

-Paragraph 52

-URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.21)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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