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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2015
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share Earnings per common share are computed using the two-class method. Basic earnings per common share are computed by dividing net income allocated to common shares by the weighted average number of shares outstanding during the applicable period, excluding outstanding participating securities. Participating securities include unvested restricted shares. Unvested restricted shares are considered participating securities because holders of these securities receive non-forfeitable dividends at the same rate as holders of the Corporation’s common stock. Diluted earnings per share are computed by dividing net income allocated to common shares adjusted for reallocation of undistributed earnings of unvested restricted shares by the weighted average number of shares determined for the basic earnings per common share computation plus the dilutive effect of common stock equivalents using the treasury stock method. For both the three and six month periods ending June 30, 2015 and 2014, there were no average anti-dilutive employee share-based awards.
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
|  | (Dollars in Thousands, Except Per Share Data)
Basic earnings per common share |  |  |  |  |  |  |  |
Net income |  | $ | 3,858 |  |  | $ | 3,505 |  |  | $ | 8,050 |  |  | $ | 6,842 |
Less: earnings allocated to participating securities |  | 65 |  |  | 75 |  |  | 138 |  |  | 147 |
Basic earnings allocated to common shareholders |  | $ | 3,793 |  |  | $ | 3,430 |  |  | $ | 7,912 |  |  | $ | 6,695 |
Weighted-average common shares outstanding, excluding participating securities |  | 4,261,127 |  |  | 3,860,087 |  |  | 4,261,218 |  |  | 3,859,795 |
Basic earnings per common share |  | $ | 0.89 |  |  | $ | 0.89 |  |  | $ | 1.86 |  |  | $ | 1.73 |
Diluted earnings per common share |  |  |  |  |  |  |  |
Earnings allocated to common shareholders |  | $ | 3,793 |  |  | $ | 3,430 |  |  | $ | 7,912 |  |  | $ | 6,695 |
Reallocation of undistributed earnings |  | — |  |  | — |  |  | — |  |  | — |
Diluted earnings allocated to common shareholders |  | $ | 3,793 |  |  | $ | 3,430 |  |  | $ | 7,912 |  |  | $ | 6,695 |
Weighted-average common shares outstanding, excluding participating securities |  | 4,261,127 |  |  | 3,860,087 |  |  | 4,261,218 |  |  | 3,859,795 |
Dilutive effect of share-based awards |  | — |  |  | 23,268 |  |  | 1,121 |  |  | 22,203 |
Weighted-average diluted common shares outstanding, excluding participating securities |  | 4,261,127 |  |  | 3,883,355 |  |  | 4,262,339 |  |  | 3,881,998 |
Diluted earnings per common share |  | $ | 0.89 |  |  | $ | 0.88 |  |  | $ | 1.86 |  |  | $ | 1.72 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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