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Earnings Per Share
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 3 – Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. There were no anti-dilutive shares in the three-month and nine-month periods ended September 30, 2012 and 2011. The calculations of basic and diluted earnings per share are as follows:

Three Months Ended Nine Months Ended
September 30, September 30,
(In thousands except share and per share data) 2012       2011       2012       2011
Basic
       Net income $       6,092 $       6,060 $       17,962 $       17,518
       Weighted-average common shares
              outstanding 10,345,497 10,299,213 10,337,401 10,296,131
                     Basic earnings per share $ .59 $ .59 $ 1.74 $ 1.70
Diluted
       Net income $ 6,092 $ 6,060 $ 17,962 $ 17,518
       Weighted-average common shares
              outstanding 10,345,497 10,299,213 10,337,401 10,296,131
       Effect of dilutive restricted stock, stock
              options and stock appreciation rights 161,363 126,585 162,680 136,090
       Weighted-average common shares
              outstanding assuming dilution 10,506,860 10,425,798 10,500,081 10,432,221
                     Diluted earnings per share $ .58 $ .58 $ 1.71 $ 1.68