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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

17. Earnings Per Share

Earnings per common share was computed based on the following:

 

     Years Ended December 31,  

(in thousands, except per share data)

    2013      2012      2011  

Numerator:

         

Income applicable to common shares

    $ 7,294       $ 9,190       $ 5,120   
  

 

 

     

 

 

     

 

 

  

Denominator:

         

Weighted average common shares outstanding

      6,591         6,912         7,106   

Effect of dilutive securities:

         

Restricted stock

      317         271         125   
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding - assuming dilution

      6,908         7,183         7,231   
  

 

 

     

 

 

     

 

 

  

Earnings per common share

    $ 1.11       $ 1.33       $ 0.72   
  

 

 

     

 

 

     

 

 

  

Earnings per common share - assuming dilution

    $ 1.06       $ 1.28       $ 0.71   
  

 

 

     

 

 

     

 

 

  

Options on 850,020, 850,520 and 833,180 shares of common stock were not included in computing diluted earnings per share for the years ended December 31, 2013, 2012 and 2011, respectively, because the effect of these shares were anti-dilutive.