v2.4.0.8

Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2013
Earnings Per Share [Abstract] |
Components of Basic and Diluted Net Income per Common Share | The components of basic and diluted net income per common share available to common stockholders for the three and nine-month periods ended September 30, 2013 and 2012 were as follows:
| Three months ended September 30, |  | Nine months ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Basic Net Income per Common Share |  |  |  |  |  |  |
Available to Common Stockholders: |  |  |  |  |  |  |
Net income | $ | 3,910,000 |  |  | $ | 3,647,000 |  |  | $ | 11,103,000 |  |  | $ | 10,516,000 |
Preferred stock dividends | (1,104,000 | ) |  | (1,104,000 | ) |  | (3,313,000 | ) |  | (3,148,000 | )
Net income available to common stockholders | $ | 2,806,000 |  |  | $ | 2,543,000 |  |  | $ | 7,790,000 |  |  | $ | 7,368,000 |
Weighted average common shares outstanding | 5,935,383 |  | 6,030,053 |  | 5,947,476 |  | 6,025,255
Basic earnings per common share | $ | 0.47 |  |  | $ | 0.42 |  |  | $ | 1.31 |  |  | $ | 1.22 |
Diluted Net Income per Common Share |  |  |  |  |  |  |
Available to Common Stockholders: |  |  |  |  |  |  |
Net income available to common stockholders | $ | 2,806,000 |  |  | $ | 2,543,000 |  |  | $ | 7,790,000 |  |  | $ | 7,368,000 |
Effect of assumed preferred stock conversion | — |  |  |  |  | — |  |  | — |
Net income applicable to diluted earnings per share | $ | 2,806,000 |  |  | $ | 2,543,000 |  |  | $ | 7,790,000 |  |  | $ | 7,368,000 |
Weighted average common shares outstanding | 5,935,383 |  |  | 6,030,053 |  |  | 5,947,476 |  |  | 6,025,255 |
Dilutive potential common shares: |  |  |  |  |  |  |
Assumed conversion of stock options | 2,151 |  |  | 10,954 |  |  | 2,864 |  |  | 5,355 |
Restricted stock awarded | 9,329 |  |  | 135 |  |  | 9,329 |  |  | 275 |
Assumed conversion of preferred stock | — |  |  | — |  |  | — |  |  | — |
Dilutive potential common shares | 11,480 |  |  | 11,089 |  |  | 12,193 |  |  | 5,630 |
Diluted weighted average common shares outstanding | 5,946,863 |  |  | 6,041,142 |  |  | 5,959,669 |  |  | 6,030,885 |
Diluted earnings per common share | $ | 0.47 |  |  | $ | 0.42 |  |  | $ | 1.31 |  |  | $ | 1.22 |
Anti-dilutive Securities | The following shares were not considered in computing diluted earnings per share for the three and nine-month periods ended September 30, 2013 and 2012 because they were anti-dilutive:
| Three months ended September 30, |  | Nine months ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Stock options to purchase shares of common stock | 130,500 |  |  | 108,125 |  |  | 130,500 |  |  | 108,125 |
Average dilutive potential common shares associated with convertible preferred stock | 2,494,801 |  |  | 2,490,079 |  |  | 2,494,801 |  |  | 2,222,967 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + 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 (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. + 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 + Details
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