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Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding during the period.  For purposes of calculating basic earnings per share, weighted average common shares outstanding excludes unallocated employee stock ownership plan (ESOP) shares that have not been committed for release and unvested restricted stock.

Diluted earnings per share is computed using the same method as basic earnings per share, but reflects the potential dilution that could occur if stock options and unvested shares of restricted stock were exercised and converted into common stock.  These potentially dilutive shares are included in the weighted average number of shares outstanding for the period using the treasury stock method.  When applying the treasury stock method, we add: (1) the assumed proceeds from option exercises; (2) the tax benefit, if any, that would have been credited to additional paid-in capital assuming exercise of non-qualified stock options and vesting of shares of restricted stock; and (3) the average unamortized compensation costs related to unvested shares of restricted stock and stock options.  We then divide this sum by our average stock price for the period to calculate assumed shares repurchased.  The excess of the number of shares issuable over the number of shares assumed to be repurchased is added to basic weighted average common shares to calculate diluted earnings per share.
 
The following is a summary of the Company’s earnings per share calculations and reconciliation of basic to diluted earnings per share for the periods indicated (dollars in thousands, except per share data).
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Net income available to common stockholders
$
4,295

 
$
5,440

 
$
9,297

 
$
10,659

 
 
 
 
 
 
 
 
Weighted average shares outstanding-basic
42,461,128

 
49,956,790

 
43,102,453

 
51,759,595

Effect of non-vested restricted stock and stock options outstanding
1,175,220

 
954,435

 
1,163,962

 
1,000,195

Weighted average shares outstanding-diluted
43,636,348

 
50,911,225

 
44,266,415

 
52,759,790

 
 
 
 
 
 
 
 
Earnings per share-basic
$
0.10

 
$
0.11

 
$
0.22

 
$
0.21

Earnings per share-diluted
$
0.10

 
$
0.11

 
$
0.21

 
$
0.20

Anti-dilutive shares
3,933,600

 
802,908

 
3,195,100

 
418,554