COMPUTATION OF EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2011

COMPUTATION OF EARNINGS PER SHARE

COMPUTATION OF EARNINGS PER SHARE

NOTE 12 — COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended June 30,
	2011				2010
(in thousands, except per share data)	Basic		Diluted		Basic		Diluted
Net income	$	4,685	$	4,685	$	2,323	$	2,323
Weighted average common shares outstanding	18,193		18,193		18,166		18,166
Dilutive effect of stock options and restricted stock			26				21
Weighted average shares outstanding			18,219				18,187
Earnings per share	$	0.26	$	0.26	$	0.13	$	0.13
Anti-dilutive shares excluded from calculation			336				344

	Six Months Ended June 30,
	2011				2010
(in thousands, except per share data)	Basic		Diluted		Basic		Diluted
Net income	$	7,945	$	7,945	$	4,113	$	4,113
Weighted average common shares outstanding	18,190		18,190		18,165		18,165
Dilutive effect of stock options and restricted stock			25				21
Weighted average shares outstanding			18,215				18,186
Earnings per share	$	0.44	$	0.44	$	0.23	$	0.23
Anti-dilutive shares excluded from calculation			336				328