Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

The computation of basic and diluted earnings per share is shown below (in thousands except per share data):


	Three months ended						Six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Net income per consolidated statements of income	$	2,951		$	4,336		$	7,248		$	8,683
Net earnings allocated to participating securities		(15	)		(17	)		(34	)		(34	)

Net earnings allocated to common stock	$	2,936		$	4,319		$	7,214		$	8,649

Basic earnings per common share computation:
Distributed earnings allocated to common stock	$	2,053		$	2,044		$	4,107		$	4,084
Undistributed earnings allocated to common stock		883			2,275			3,107			4,565

Net earnings allocated to common stock	$	2,936		$	4,319		$	7,214		$	8,649

Weighted average common shares outstanding, including shares considered participating securities		12,510			12,440			12,502			12,421
Less: Average participating securities		(57	)		(46	)		(53	)		(43	)

Weighted average shares		12,453			12,394			12,449			12,378

Basic earnings per common share	$	0.24		$	0.35		$	0.58		$	0.70

Diluted earnings per common share computation:
Net earnings allocated to common stock	$	2,936		$	4,319		$	7,214		$	8,649

Weighted average common shares outstanding for basic earnings per common share		12,453			12,394			12,449			12,378
Add: Dilutive effects of assumed exercises of stock options		1			3			1			3

Weighted average shares and dilutive potential common shares		12,454			12,397			12,450			12,381

Diluted earnings per common share	$	0.24		$	0.35		$	0.58		$	0.70