XML 50 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
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 Quarter
Ended March 31,
(In thousands, except share and per share amounts)
 
2014
 
2013
Net Income
 
$
2,616

 
$
1,783

Less: Preferred stock dividends and accretion
 

 
(87
)
Income available to common shareholders
 
$
2,616

 
$
1,696

Weighted average shares outstanding
 
10,915,945

 
9,558,985

Basic earnings per share
 
$
0.24

 
$
0.18

 
Diluted Earnings Per Share
 
For the Quarter
Ended March 31,
(In thousands, except share and per share amounts)
 
2014
 
2013
Net Income
 
$
2,616

 
$
1,783

Less: Preferred stock dividends and accretion
 

 
(87
)
Income available to common shareholders
 
$
2,616

 
$
1,696

Weighted average shares outstanding
 
10,915,945

 
9,558,985

Effect of dilutive stock options
 
82,685

 
45,856

Weighted average shares of common stock and common stock equivalents
 
10,998,630

 
9,604,841

Diluted earnings per share
 
$
0.24

 
$
0.18