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) | | 2013 | | 2012 | | 2013 | | 2012 | Net Income | | $ | 2,969 |
| | $ | 2,456 |
| | $ | 6,039 |
| | $ | 5,878 |
| Less: Preferred stock dividends and accretion | | (87 | ) | | (87 | ) | | (262 | ) | | (262 | ) | Income available to common shareholders | | $ | 2,882 |
| | $ | 2,369 |
| | $ | 5,777 |
| | $ | 5,616 |
| Weighted average shares outstanding | | 10,899,086 |
| | 9,602,473 |
| | 10,020,057 |
| | 9,588,321 |
| Basic earnings per share | | $ | 0.26 |
| | $ | 0.25 |
| | $ | 0.58 |
| | $ | 0.59 |
|
| | | | | | | | | | | | | | | | | | 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) | | 2013 | | 2012 | | 2013 | | 2012 | Net Income | | $ | 2,969 |
| | $ | 2,456 |
| | $ | 6,039 |
| | $ | 5,878 |
| Less: Preferred stock dividends and accretion | | (87 | ) | | (87 | ) | | (262 | ) | | (262 | ) | Income available to common shareholders | | $ | 2,882 |
| | $ | 2,369 |
| | $ | 5,777 |
| | $ | 5,616 |
| Weighted average shares outstanding | | 10,899,086 |
| | 9,602,473 |
| | 10,020,057 |
| | 9,588,321 |
| Effect of dilutive stock options | | 59,725 |
| | 32,866 |
| | 59,977 |
| | 24,881 |
| Weighted average shares of common stock and common stock equivalents | | 10,958,811 |
| | 9,635,339 |
| | 10,080,034 |
| | 9,613,202 |
| Diluted earnings per share | | $ | 0.26 |
| | $ | 0.25 |
| | $ | 0.57 |
| | $ | 0.58 |
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