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Earnings Per Share
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
Basic earnings per share (EPS), which excludes dilution, is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, stock appreciation rights settled in stock or restricted stock awards, result in the issuance of common stock which shares in the earnings of the Company. 
     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 June 30,
 
For the Six Months Ended June 30,
(In thousands, except share and per share amounts)
 
2013
 
2012
 
2013
 
2012
Net Income
 
$
1,287

 
$
1,709

 
$
3,070

 
$
3,422

Less: Preferred stock dividends and accretion
 
(88
)
 
(87
)
 
(175
)
 
(175
)
Income available to common shareholders
 
$
1,199

 
$
1,622

 
$
2,895

 
$
3,247

Weighted average shares outstanding
 
9,587,376

 
9,592,045

 
9,573,257

 
9,581,172

Basic earnings per share
 
$
0.13

 
$
0.17

 
$
0.30

 
$
0.34

 
Diluted Earnings Per Share
 
For the Three Months
Ended June 30,
 
For the Six Months Ended June 30,
(In thousands, except share and per share amounts)
 
2013
 
2012
 
2013
 
2012
Net Income
 
$
1,287

 
$
1,709

 
$
3,070

 
$
3,422

Less: Preferred stock dividends and accretion
 
(88
)
 
(87
)
 
(175
)
 
(175
)
Income available to common shareholders
 
$
1,199

 
$
1,622

 
$
2,895

 
$
3,247

Weighted average shares outstanding
 
9,587,376

 
9,592,045

 
9,573,257

 
9,581,172

Effect of dilutive stock options
 
57,562

 
26,931

 
56,514

 
22,884

Weighted average shares of common stock and common stock equivalents
 
9,644,938

 
9,618,976

 
9,629,771

 
9,604,056

Diluted earnings per share
 
$
0.12

 
$
0.17

 
$
0.30

 
$
0.34



During the six month periods ended June 30, 2013 and 2012, options to purchase 206,085 and 377,129 shares of common stock, respectively, were not factored into the calculation of dilutive stock options because they were anti-dilutive.