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Earnings Per Common Share ("EPS")
 3 Months Ended
Mar. 31, 2014
Earnings Per Common Share ("EPS") [Abstract]  
Earnings Per Common Share ("EPS")

(2.) EARNINGS PER COMMON SHARE ("EPS")

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).

  Three months ended
  March 31,
    2014     2013  
Net income available to common shareholders $ 6,853   $ 5,781  
 
Weighted average common shares outstanding:            
Total shares issued   14,162     14,162  
Unvested restricted stock awards   (64 )   (80 )
Treasury shares   (325 )   (365 )
Total basic weighted average common shares outstanding   13,773     13,717  
 
Incremental shares from assumed:            
Exercise of stock options   22     7  
Vesting of restricted stock awards   29     43  
Total diluted weighted average common shares outstanding   13,824     13,767  
 
Basic earnings per common share $ 0.50   $ 0.42  
Diluted earnings per common share $ 0.50   $ 0.42  

 

There were approximately 14 thousand and 151 thousand average shares subject to stock options which were excluded from the computation of diluted EPS for the three month periods ended March 31, 2014 and 2013, respectively, because the effect would be antidilutive.