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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
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)
 
2014
 
2013
 
2014
 
2013
Net Income
 
$
2,693

 
$
1,287

 
$
5,309

 
$
3,070

Less: Preferred stock dividends and accretion
 
—

 
(88
)
 
—

 
(175
)
Income available to common shareholders
 
$
2,693

 
$
1,199

 
$
5,309

 
$
2,895

Weighted average shares outstanding
 
10,918,065

 
9,587,376

 
10,917,010

 
9,573,257

Basic earnings per share
 
$
0.25

 
$
0.13

 
$
0.49

 
$
0.30

 
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)
 
2014
 
2013
 
2014
 
2013
Net Income
 
$
2,693

 
$
1,287

 
$
5,309

 
$
3,070

Less: Preferred stock dividends and accretion
 
—

 
(88
)
 
—

 
(175
)
Income available to common shareholders
 
$
2,693

 
$
1,199

 
$
5,309

 
$
2,895

Weighted average shares outstanding
 
10,918,065

 
9,587,376

 
10,917,010

 
9,573,257

Effect of dilutive stock options
 
81,598

 
57,562

 
79,562

 
56,514

Weighted average shares of common stock and common stock equivalents
 
10,999,663

 
9,644,938

 
10,996,572

 
9,629,771

Diluted earnings per share
 
$
0.24

 
$
0.12

 
$
0.48

 
$
0.30



During the six month periods ended June 30, 2014 and 2013, options to purchase 122,640 and 206,085 shares of common stock, respectively, were not factored into the calculation of dilutive stock options because they were anti-dilutive.