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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings per Common Share [Abstract]  
Schedule of computation of earnings per common share [Table Text Block]

 

 

 

 

 

Three Months Ended

March 31,

 

(in thousands, except per share amounts)

 

 

 

 

 

 

 

2013

 

 

2012

 

Net income

 

 

 

 

 

 

 

 

 

$

4,924

 

 

$

4,231

 

Preferred stock dividends

 

 

 

 

 

 

 

 

 

 

(56

) 

 

 

(141

)

Net income available to common shareholders

 

 

 

 

 

 

 

 

 

$

4,868

 

 

$

4,090

 

Basic weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

16,348

 

 

 

16,332

 

Plus: effect of dilutive options

 

 

 

 

 

 

 

 

 

 

 

26

 

 

 

6

 

Diluted weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

16,374

 

 

 

16,338

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

$

0.30

 

 

$

0.25

 

Diluted

 

 

 

 

 

 

 

 

 

$

0.30

 

 

$

0.25