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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
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)
 
2016
 
2015
 
2016
 
2015
Net income available to common shareholders
 
$
6,058

 
$
3,078

 
$
9,461

 
$
5,544

Weighted average shares outstanding
 
10,970,782

 
10,924,437

 
10,962,314

 
10,924,015

Basic earnings per share
 
$
0.55

 
$
0.28

 
$
0.86

 
$
0.51

 
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)
 
2016
 
2015
 
2016
 
2015
Net income available to common shareholders
 
$
6,058

 
$
3,078

 
$
9,461

 
$
5,544

Weighted average shares outstanding
 
10,970,782

 
10,924,437

 
10,962,314

 
10,924,015

Effect of dilutive stock options
 
97,108

 
85,479

 
91,955

 
82,036

Weighted average shares of common stock and common stock equivalents
 
11,067,890

 
11,009,916

 
11,054,269

 
11,006,051

Diluted earnings per share
 
$
0.55

 
$
0.28

 
$
0.86

 
$
0.50



During the six months month periods ended June 30, 2016 and 2015, options to purchase 8,850 and 145,523 shares of common stock, respectively, were not factored into the calculation of dilutive stock options because they were anti-dilutive.  During the three month periods ended June 30, 2016 and 2015, options to purchase 0 and 113,735 shares of common stock, respectively, were not factored into the calculation of dilutive stock options because they were anti-dilutive.