Earnings Per Common Share

6 Months Ended

Jun. 30, 2015

Earnings Per Common Share [Abstract]

(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						Six months ended
		June 30,						June 30,
		2015			2014			2015			2014
Net income available to common shareholders	$	6,219		$	6,667		$	12,655		$	13,520

Weighted average common shares outstanding:
Total shares issued		14,398			14,162			14,398			14,162
Unvested restricted stock awards		(100	)		(67	)		(87	)		(65	)
Treasury shares		(220	)		(304	)		(240	)		(315	)
Total basic weighted average common shares outstanding		14,078			13,791			14,071			13,782

Incremental shares from assumed:
Exercise of stock options		22			28			22			25
Vesting of restricted stock awards		21			19			25			24
Total diluted weighted average common shares outstanding		14,121			13,838			14,118			13,831

Basic earnings per common share	$	0.44		$	0.48		$	0.90		$	0.98
Diluted earnings per common share	$	0.44		$	0.48		$	0.90		$	0.98

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	-	-	-	7
Restricted stock awards	3	3	2	1
	3	3	2	8