Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

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,
	2016			2015			2016			2015
Basic earnings per common share computation:
Net income per consolidated statements of income	$	4,065		$	5,602		$	9,084		$	11,167
Net earnings allocated to participating securities		(27	)		(33	)		(60	)		(62	)

Net earnings allocated to common stock	$	4,038		$	5,569		$	9,024		$	11,105

Distributed earnings allocated to common stock	$	2,369		$	2,362		$	4,737		$	4,731
Undistributed earnings allocated to common stock		1,669			3,207			4,287			6,374

Net earnings allocated to common stock	$	4,038		$	5,569		$	9,024		$	11,105

Weighted average common shares outstanding, including shares considered participating securities		14,460			14,404			14,448			14,410
Less: Average participating securities		(92	)		(80	)		(86	)		(73	)

Weighted average shares		14,368			14,324			14,362			14,337

Basic earnings per common share	$	0.28		$	0.39		$	0.63		$	0.77

Diluted earnings per common share computation:
Net earnings allocated to common stock	$	4,038		$	5,569		$	9,024		$	11,105

Weighted average shares and dilutive potential common shares		14,368			14,324			14,362			14,366

Diluted earnings per common share	$	0.28		$	0.39		$	0.63		$	0.77