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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows:
 
Basic Earnings Per share
 
For the Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)
 
2012
 
2011
 
2012
 
2011
Net Income
 
$
2,456

 
$
1,408

 
$
5,878

 
$
4,769

Less: Preferred stock dividends and accretion
 
(87
)
 
(202
)
 
(262
)
 
(400
)
Income available to common shareholders
 
$
2,369

 
$
1,206

 
$
5,616

 
$
4,369

Weighted average shares outstanding
 
9,602,473

 
9,547,816

 
9,588,321

 
9,513,387

Basic earnings per share
 
$
0.25

 
$
0.13

 
$
0.59

 
$
0.46

 
Diluted Earnings Per share
 
For the Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)
 
2012
 
2011
 
2012
 
2011
Net Income
 
$
2,456

 
$
1,408

 
$
5,878

 
$
4,769

Less: Preferred stock dividends and accretion
 
(87
)
 
(202
)
 
(262
)
 
(400
)
Income available to common shareholders
 
$
2,369

 
$
1,206

 
$
5,616

 
$
4,369

Weighted average shares outstanding
 
9,602,473

 
9,547,816

 
9,588,321

 
9,513,387

Effect of dilutive stock options
 
32,866

 
9,793

 
24,881

 
21,039

Weighted average shares of common stock and common stock equivalents
 
9,635,339

 
9,557,609

 
9,613,202

 
9,534,426

Diluted earnings per share
 
$
0.25

 
$
0.13

 
$
0.58

 
$
0.46