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Earnings Per Common Share ("EPS")
 6 Months Ended
Jun. 30, 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     Six months ended  
    June 30,     June 30,  
    2014     2013     2014     2013  
Net income available to common shareholders $ 6,667   $ 6,483   $ 13,520   $ 12,264  
 
Weighted average common shares outstanding:                        
Total shares issued   14,162     14,162     14,162     14,162  
Unvested restricted stock awards   (67 )   (66 )   (65 )   (73 )
Treasury shares   (304 )   (357 )   (315 )   (361 )
Total basic weighted average common shares outstanding   13,791     13,739     13,782     13,728  
 
Incremental shares from assumed:                        
Exercise of stock options   28     5     25     6  
Vesting of restricted stock awards   19     23     24     33  
Total diluted weighted average common shares outstanding   13,838     13,767     13,831     13,767  
 
Basic earnings per common share $ 0.48   $ 0.47   $ 0.98   $ 0.89  
Diluted earnings per common share $ 0.48   $ 0.47   $ 0.98   $ 0.89  

 

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive:

Stock options - 225 7 188
Restricted stock awards 3 9 1 5
  3 234 8 193