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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2015
Earnings Per Share [Abstract] |
Basic and diluted earnings per share (EPS) | The following table sets forth the computation of basic and diluted earnings per share (EPS) for the three months ended March 31, 2015 and 2014:
| Income (Numerator) |  | Shares (Denominator) |  | Per-Share Amount
For the three months ended March 31, 2015 |  |  |  |  |
Net income as reported | $ | 4,175,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 4,175,000 |  |  | 10,665,059 |  |  | $ | 0.39 |
Effect of dilutive securities: restricted stock |  |  | 66,430 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 4,175,000 |  |  | 10,731,489 |  |  | $ | 0.39 |
For the three months ended March 31, 2014 |  |  |  |  |
Net income as reported | $ | 3,428,000 |  |  |  |  |
Basic EPS: Income available to common shareholders | 3,428,000 |  |  | 10,627,214 |  |  | $ | 0.32 |
Effect of dilutive securities: restricted stock |  |  | 60,911 |  |  |
Diluted EPS: Income available to common shareholders plus assumed conversions | $ | 3,428,000 |  |  | 10,688,125 |  |  | $ | 0.32 |
Number of options and warrants outstanding and amount above or below the strike price | The following table presents the number of options and warrants outstanding as of March 31, 2015 and 2014 and the amount for which the average market price at period end is above or below the strike price:
| Outstanding | In-the-Money | Out-of-the-Money
For the three months ended March 31, 2015 |  |  |
Incentive stock options | — |  | — |  | — |
Warrants issued to Treasury | 225,904 |  | 225,904 |  | — |
Total dilutive securities | 225,904 |  | 225,904 |  | — |
For the three months ended March 31, 2014 |  |  |
Incentive stock options | 42,000 |  | — |  | 42,000 |
Warrants issued to Treasury | 225,904 |  | — |  | 225,904 |
Total dilutive securities | 267,904 |  | — |  | 267,904 |

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- Definition Tabular disclosure of options and warrants issued and outstanding. Disclose the title of issue of securities called for by options and warrants outstanding, the aggregate amount of securities called for by options and warrants outstanding, and the amount above or below the strike price. + References No definition available. + Details
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- Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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