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Earnings Per Share
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

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 nine months ended September 30, 2016 and 2015. 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) 2016      2015 2016      2015
Basic
       Net income $    6,222 $ 5,880 $ 17,924 $    16,967
       Weighted-average common shares
              outstanding 11,110,824 11,329,002 11,159,469 11,385,680
                     Basic earnings per share $ .56 $   .52 $    1.61 $ 1.49
                         
Diluted
       Net income $ 6,222 $ 5,880 $ 17,924 $ 16,967
       Weighted-average common shares
              outstanding 11,110,824 11,329,002 11,159,469 11,385,680
       Effect of dilutive restricted stock
       and stock appreciation rights 158,541 158,177 155,112 161,005
       Weighted-average common shares
              outstanding assuming dilution
              assuming dilution 11,269,365 11,487,179 11,314,581 11,546,685
                     Diluted earnings per share $ .55 $ .51 $ 1.58 $ 1.47