Net income

$

8,959

$

9,116

$

17,356

$

17,328

Dividends and undistributed earnings allocated to participating securities

(138

)

(160

)

(270

)

(307

)

Net income available to common shareholders

$

8,821

$

8,956

$

17,086

$

17,021

Denominator (shown as actual):

Basic weighted average common shares outstanding

7,688,246

7,637,210

7,664,368

7,635,647

Dilutive shares

108,007

109,126

114,354

133,870

Diluted weighted average common shares outstanding

7,796,253

7,746,336

7,778,722

7,769,517

Basic earnings per share

$

1.15

$

1.17

$

2.23

$

2.23

Diluted earnings per share

$

1.13

$

1.16

$

2.20

$

2.19

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.

37,949

67,675

33,000

50,555