Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share

Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands - except per share amounts)	2013		2012		2013		2012
Distributed earnings allocated to common stock	$	4,146	$	4,127	$	12,429	$	11,899
Undistributed earnings allocated to common stock	10,552		8,706		28,271		24,872
Net earnings allocated to common stock	14,698		12,833		40,700		36,771
Net earnings allocated to participating securities	198		172		542		516
Net income allocated to common stock and participating securities	$	14,896	$	13,005	$	41,242	$	37,287
Weighted average shares outstanding for basic earnings per common share	24,366,220		24,279,178		24,352,073		24,267,535
Dilutive effect of stock compensation	889		10,317		781		10,625
Weighted average shares outstanding for diluted earnings per common share	24,367,109		24,289,495		24,352,854		24,278,160
Basic earnings per common share	$	0.60	$	0.53	$	1.67	$	1.52
Diluted earnings per common share	$	0.60	$	0.53	$	1.67	$	1.51