Earnings and Cash Dividends per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings and Cash Dividends per Common Share [Abstract]

Earnings and cash dividends per common share

	Three Months Ended September 30				Nine Months Ended September 30
(Dollars in thousands, except share and earnings per share amounts)	2013		2012		2013		2012
Net income	$	1,862	$	1,741	$	5,809	$	5,773
Weighted average shares outstanding		13,543,062		13,427,883		13,543,479		13,394,224
Stock options (dilutive only)		6,770		15,316		5,725		14,628
Stock subscribed (ESPP)		-		550		-		282
Retention awards		20,115		20,006		21,366		22,417
Stock subscribed (LTEIP)		22,630		21,388		23,628		21,091
Total dilutive shares outstanding		13,592,577		13,485,143		13,594,198		13,452,642
Earnings per share:
Basic and diluted	$	0.14	$	0.13	$	0.43	$	0.43
Dividends per share	$	0.145	$	0.14	$	0.435	$	0.42

Shares outstanding on record date

Cash dividends are based on the number of common shares outstanding at their respective record dates. The number of shares outstanding as of the record date for the first three quarters of 2013 and 2012, respectively, are as follows:

Shares outstanding on record date	2013		2012
First quarter (February 15)		13,586,903		13,409,941
Second quarter (May 15)		13,559,043		13,479,677
Third quarter (August 15)		13,544,964		13,494,599