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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share  
Schedule of earnings per share, basic and diluted
 
 
Three months ended
September 30,
   
Nine months ended
September 30,
 
(In thousands except per share data )
 
2012
   
2011
   
2012
   
2011
 
                                 
Net income available for stockholders:
  $ 2,110     $ 1,200     $ 5,915     $ 3,095  
Less:  Dividends paid
    (754 )     -       (2,264 )     -  
Undistributed income
  $ 1,356     $ 1,200     $ 3,651     $ 3,095  
                                 
Basic shares outstanding:
                               
   Common Stock
    35,514       35,409       35,525       35,371  
Restricted shares of common stock
    1,134       995       1,123       991  
      36,648       36,404       36,648       36,362  
Diluted shares outstanding:
                               
   Common Stock
    35,514       35,409       35,525       35,371  
   Dilutive effect of stock options
    110       170       145       419  
      35,624       35,579       35,670       35,790  
Restricted shares of common stock
    1,134       995       1,123       991  
      36,758       36,574       36,793       36,781  
Basic earnings per share:
                               
  Common Stock:
                               
     Distributed earnings
  $ 0.02     $ -     $ 0.06     $ -  
     Undistributed income
    0.04       0.03       0.10       0.09  
    $ 0.06     $ 0.03     $ 0.16     $ 0.09  
Restricted shares of common stock:
                               
     Distributed earnings
  $ 0.02     $ -     $ 0.06     $ -  
     Undistributed income
    0.04       0.03       0.10       0.08  
    $ 0.06     $ 0.03     $ 0.16     $ 0.08  
Diluted earnings per share:
                               
  Common Stock:
                               
     Distributed earnings
  $ 0.02     $ -     $ 0.06     $ -  
     Undistributed income
    0.04       0.03       0.10       0.08  
    $ 0.06     $ 0.03     $ 0.16     $ 0.08  
Schedule of antidilutive securities excluded from the computation of diluted earnings per share
 
(shares in thousands)
 
Three months ended September 30,
   
Nine months ended September 30,
 
   
2012
   
2011
   
2012
   
2011
 
Stock options
  42     42     42     42