Earnings Per Share

6 Months Ended

Jun. 30, 2015

NOTE 2 – EARNINGS PER SHARE

Earnings per share (EPS) have been computed based on the weighted average number of common shares outstanding during the periods presented. For the period ended June 30, 2015, share-based awards totaling 50,424 common shares were not considered in computing diluted EPS as they were anti-dilutive. For the period ended June 30, 2014, share-based awards totaling 66,570 common shares were not considered in computing diluted EPS as they were anti-dilutive. Included in the diluted EPS for June 30, 2015 are the impact of the full conversion of the Company’s depository shares issued in December of 2014. Based upon the current conversion ratio, the 1,500,000 outstanding depository shares are convertible into an aggregate of 1,450,677 common shares. The average number of common shares used in the computation of basic and diluted earnings per share were:

	Three Months Ended				Six Months End
(shares in thousands)	June 30,				June 30,
	2015		2014		2015		2014
Basic earnings per share		4,884		4,874		4,882		4,873
Diluted earnings per share		6,382		4,893		6,381		4,894