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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share  
Schedule of reconciliation of factors used in computing basic and diluted earnings per common share

 

 

 
  For the Three Months Ended
March 31,
 
 
  2013   2012  
 
  (Dollars in thousands)
 

Net income available to common shareholders

  $ 2,180   $ 869  

Less: net income allocated to Series C Preferred Stock

    382     153  
           

Net income allocated to common shareholders

  $ 1,798   $ 716  
           

Weighted average common shares outstanding for basic earnings per common share

    26,329,343     26,289,334  

Dilutive effect of stock options oustanding, using the the treasury stock method

    49,114     27,220  
           

Shares used in computing diluted earnings per common share

    26,378,457     26,316,554  
           

Basic earnings per share

 
$

0.07
 
$

0.03
 

Diluted earnings per share

  $ 0.07   $ 0.03