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General (Tables)
3 Months Ended
Mar. 31, 2015
Calculation for Basic and Diluted Earnings per Common Share

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

 

     Three Months Ended
March 31,
 
     2015      2014  
(Amounts in thousands, except share and per share data)              

Net income

   $ 5,958       $ 5,725   

Dividends on preferred stock

     105         228   
  

 

 

    

 

 

 

Net income available to common shareholders

$ 5,853    $ 5,497   
  

 

 

    

 

 

 

Weighted average number of common shares outstanding, basic

  18,633,574      18,423,123   

Dilutive effect of potential common shares from:

Stock options

  21,159      22,636   

Restricted stock

  1,256      730   

Convertible preferred stock

  677,043      1,048,486   

Contingently issuable shares

  11,411      11,672   
  

 

 

    

 

 

 

Weighted average number of common shares outstanding, diluted

  19,344,443      19,506,647   
  

 

 

    

 

 

 

Basic earnings per common share

$ 0.31    $ 0.30   

Diluted earnings per common share

  0.31      0.29   

Antidilutive potential common shares:

Stock options

  136,382      245,030