| EARNINGS PER SHARE |
NOTE 2. EARNINGS PER SHARE
The following is a summary of the information used in the
computation of basic and diluted earnings per common share for the
three and six months ended June 30, 2014 and 2013 (dollars in
thousands, except share data):
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Three months ended
June 30, |
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Six months ended
June 30, |
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2014 |
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2013 |
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2014 |
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2013 |
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Net income available to common shareholders
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$ |
1,067 |
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$ |
1,697 |
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$ |
1,946 |
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$ |
2,316 |
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Weighted average number of common shares outstanding used in
computation of basic earnings per common share
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3,901,542 |
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3,598,703 |
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3,901,304 |
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3,404,313 |
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Effect of dilutive securities:
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Restricted stock
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44,493 |
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19,223 |
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44,272 |
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18,894 |
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Stock options
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22,810 |
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30,310 |
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22,810 |
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30,310 |
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Stock warrants
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193,498 |
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193,498 |
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193,498 |
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193,571 |
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Weighted average number of common shares outstanding plus effect of
dilutive securities used in computation of diluted earnings per
common share
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4,162,343 |
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3,841,734 |
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4,161,884 |
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3,647,088 |
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Basic earnings per share
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$ |
0.27 |
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$ |
0.47 |
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$ |
0.50 |
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$ |
0.68 |
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Diluted earnings per share
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$ |
0.26 |
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$ |
0.44 |
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$ |
0.47 |
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$ |
0.64 |
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