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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
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