Net income

$

7,728

$

8,959

$

15,749

$

17,356

Dividends and undistributed earnings allocated to participating securities

(133

)

(138

)

(319

)

(270

)

Net income available to common shareholders

$

7,595

$

8,821

$

15,430

$

17,086

Denominator (shown as actual):

Basic weighted average common shares outstanding

7,580,576

7,688,246

7,637,958

7,664,368

Dilutive shares

117,597

108,007

113,928

114,354

Diluted weighted average common shares outstanding

7,698,173

7,796,253

7,751,886

7,778,722

Basic earnings per share

$

1.00

$

1.15

$

2.02

$

2.23

Diluted earnings per share

$

0.99

$

1.13

$

1.99

$

2.20

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

—

33,000