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Earnings Per Share | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | Note 2 – Earnings Per Share Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share:
|  | For the Three Months Ended |  | For the Six Months Ended |
|  | June 30, |  | June 30, |
(In thousands, except per share data) |  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Net income |  | $ | 1,305 |  | $ | 361 |  | $ | 2,563 |  | $ | 583 |
Weighted average shares outstanding - Basic |  |  | 10,013 |  |  | 8,461 |  |  | 9,246 |  |  | 8,460 |
Dilutive effect of common stock equivalents |  |  | 11 |  |  | 4 |  |  | 12 |  |  | - |
Weighted average shares outstanding - Diluted |  |  | 10,024 |  |  | 8,465 |  |  | 9,258 |  |  | 8,460 |
Earnings per common share - Basic |  | $ | 0.13 |  | $ | 0.04 |  | $ | 0.28 |  | $ | 0.07 |
Earnings per common share - Diluted |  | $ | 0.13 |  | $ | 0.04 |  | $ | 0.28 |  | $ | 0.07 |
The increase in the weighted average shares outstanding for the three and six months ended June 30, 2014 when compared to the three and six months ended June 30, 2013 was due to the Company’s public offer and sale of its common stock (the “stock sale”) during the second quarter of 2014. As a result of the stock sale, the Company sold 4,140,000 shares of its common stock for a price of $8.25 per share, which produced net proceeds of $31.2 million. There were no weighted average common stock equivalents excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2014, and for the three months ended June 30, 2013. There were 54 thousand weighted average common stock equivalents excluded from the calculation of diluted earnings per share for the six months ended June 30, 2013 because the effect of including them would have been antidilutive.

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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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