Earnings Per Share

3 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share [Text Block]

3.   Earnings Per Share (In Thousands, Except Per Share Amounts)

The following table presents a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per common share (EPS) for the six-month periods ended June 30, 2011 and 2010, as restated for the September 2010 3% stock dividend:

	Income	Shares	Per Share
	(Numerator)	(Denominator)	Amount
For the Three Months Ended June 30, 2011:
Basic EPS	$5,849	11,387	$.51
Dilutive Effect of Stock Options	---	12
Diluted EPS	$5,849	11,399	$.51
For the Three Months Ended June 30, 2010:
Basic EPS	$5,714	11,307	$.51
Dilutive Effect of Stock Options	---	37
Diluted EPS	$5,714	11,344	$.50
For the Six Months Ended June 30, 2011:
Basic EPS	$11,130	11,361	$.98
Dilutive Effect of Stock Options	---	17
Diluted EPS	$11,130	11,378	$.98
For the Six Months Ended June 30, 2010:
Basic EPS	$11,129	11,284	$.99
Dilutive Effect of Stock Options	---	39
Diluted EPS	$11,129	11,323	$.98