XML 82 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Common Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

(16.) EARNINGS PER COMMON SHARE

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS for each of the years ended December 31 (in thousands, except per share amounts).

    2014      2013     2012  
Net income available to common shareholders $ 27,893   $ 24,064   $ 21,975  
Less: Earnings allocated to participating securities   -     -     2  
Net income available to common shareholders for EPS $ 27,893   $ 24,064   $ 21,973  
Weighted average common shares outstanding:                  
Total shares issued   14,261     14,162     14,162  
Unvested restricted stock awards   (64 )   (69 )   (107 )
Treasury shares   (304 )   (354 )   (359 )
Total basic weighted average common shares outstanding   13,893     13,739     13,696  
Incremental shares from assumed:                  
Exercise of stock options   26     13     4  
Vesting of restricted stock awards   27     32     51  
Total diluted weighted average common shares outstanding   13,946     13,784     13,751  
 
Basic earnings per common share  $ 2.01   $ 1.75   $ 1.60  
Diluted earnings per common share  $ 2.00   $ 1.75   $ 1.60  

 

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 3 122 303
Restricted stock awards 1 2 1
Total 4 124 304