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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
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 Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)
 
2016
 
2015
 
2016
 
2015
Net Income
 
$
3,114

 
$
2,517

 
$
12,575

 
$
8,061

Less: Preferred stock dividends and accretion
 

 

 

 

Net income available to common shareholders
 
$
3,114

 
$
2,517

 
$
12,575

 
$
8,061

Weighted average shares outstanding
 
10,984,141

 
10,938,160

 
10,969,633

 
10,928,780

Basic earnings per share
 
$
0.28

 
$
0.23

 
$
1.15

 
$
0.74

 
Diluted Earnings Per Share
 
For the Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
(In thousands, except share and per share amounts)
 
2016
 
2015
 
2016
 
2015
Net income available to common shareholders
 
$
3,114

 
$
2,517

 
$
12,575

 
$
8,061

Weighted average shares outstanding
 
10,984,141

 
10,938,160

 
10,969,633

 
10,928,780

Effect of dilutive stock options
 
108,533

 
86,794

 
98,412

 
83,244

Weighted average shares of common stock and common stock equivalents
 
11,092,674

 
11,024,954

 
11,068,045

 
11,012,024

Diluted earnings per share
 
$
0.28

 
$
0.23

 
$
1.14

 
$
0.73