Net income

$

36,053

$

29,649

$

37,412

Dividends and undistributed earnings allocated to participating securities

(578

)

(554

)

(611

)

Net income available to common shareholders

$

35,475

$

29,095

$

36,801

Denominator (shown as actual):

Basic weighted average common shares outstanding

7,656,526

7,754,507

8,217,916

Dilutive shares

118,907

119,133

200,580

Diluted weighted average common shares outstanding

7,775,433

7,873,640

8,418,496

Basic earnings per share

$

4.63

$

3.75

$

4.48

Diluted earnings per share

$

4.56

$

3.70

$

4.37

Potentially dilutive weighted average share options that were not included in the computation of diluted earnings per share because to do so would be anti-dilutive.

56,520

61,912

16,466