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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
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 Quarter Ended March 31,
(In thousands, except share and per share amounts)
 
2015
 
2014
Net income available to common shareholders
 
$
2,466

 
$
2,616

Weighted average shares outstanding
 
10,923,590

 
10,915,945

Basic earnings per share
 
$
0.23

 
$
0.24

 
Diluted Earnings Per Share
 
For the Quarter Ended March 31,
(In thousands, except share and per share amounts)
 
2015
 
2014
Net income available to common shareholders
 
$
2,466

 
$
2,616

Weighted average shares outstanding
 
10,923,590

 
10,915,945

Effect of dilutive stock options
 
79,386

 
82,685

Weighted average shares of common stock and common stock equivalents
 
11,002,976

 
10,998,630

Diluted earnings per share
 
$
0.22

 
$
0.24



During the three month periods ended March 31, 2015 and 2014, options to purchase 147,403 and 122,640 shares of common stock, respectively, were not factored into the calculation of dilutive stock options because they were anti-dilutive.