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Earnings per Common Share | 6 Months Ended
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Jun. 30, 2013
Earnings per Common Share [Abstract] |
Earnings per Common Share |
Note 2. Earnings per Common Share Basic earnings per common share (“EPS”) is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding. Diluted EPS includes any additional common shares as if all potentially dilutive common shares were issued (e.g., stock options). The Corporation’s weighted average common shares outstanding for diluted EPS include the effect of stock options and restricted stock awards outstanding using the Treasury Stock Method, which are not included in the calculation of basic EPS. Anti-dilutive stock option and restricted stock award shares outstanding were 67,451 and 67,451, respectively, for the three and six months ended June 30, 2013, and anti-dilutive stock option shares outstanding were 79,343 and 79,343 respectively for the three and six months ended June 30, 2012. Earnings per common share have been computed based on the following:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
(in thousands, except per share amounts) |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Net income |  | $ | 4,923 |  | $ | 4,353 |  | $ | 9,847 |  | $ | 8,584 |
Preferred stock dividends |  |  | (28) |  |  | (84) |  |  | (84) |  |  | (225) |
Net income available to common shareholders |  | $ | 4,895 |  | $ | 4,269 |  | $ | 9,763 |  | $ | 8,359 |
Basic weighted average common shares outstanding |  |  | 16,349 |  |  | 16,334 |  |  | 16,349 |  |  | 16,333 |
Plus: effect of dilutive options |  |  | 27 |  |  | 8 |  |  | 26 |  |  | 7 |
Diluted weighted average common shares outstanding |  |  | 16,376 |  |  | 16,342 |  |  | 16,375 |  |  | 16,340 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.30 |  | $ | 0.26 |  | $ | 0.60 |  | $ | 0.51 |
Diluted |  | $ | 0.30 |  | $ | 0.26 |  | $ | 0.60 |  | $ | 0.51 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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