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Earnings Per Common Share (EPS)
 3 Months Ended
Mar. 31, 2015
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

(3.) 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,  
    2015     2014  
Net income available to common shareholders $ 6,436   $ 6,853  
 
Weighted average common shares outstanding:            
Total shares issued   14,397     14,162  
Unvested restricted stock awards   (74 )   (64 )
Treasury shares   (260 )   (325 )
Total basic weighted average common shares outstanding   14,063     13,773  
 
Incremental shares from assumed:            
Exercise of stock options   22     22  
Vesting of restricted stock awards   28     29  
Total diluted weighted average common shares outstanding   14,113     13,824  
 
Basic earnings per common share $ 0.46   $ 0.50  
Diluted earnings per common share $ 0.46   $ 0.50  

 

There were approximately 14 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 because the effect would be antidilutive.