Earnings Per Common Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share

(Loss) Earnings Per Common Share

The calculations of basic and diluted (loss) earnings per common share were as follows:

	Three Months Ended
	March 31,
(Dollars in thousands, except per share data)	2015			2014
Distributed earnings allocated to common shareholders	$	2,243		$	1,605
Undistributed (loss) earnings allocated to common shareholders	(2,941		)	3,146
Net (loss) earnings allocated to common shareholders	$	(698	)	$	4,751
Weighted-average common shares outstanding	15,802,334			10,636,089
Effect of potentially dilutive common shares	127,901			104,795
Total weighted-average diluted common shares outstanding	15,930,235			10,740,884
(Loss) Earnings per common share:
Basic	$	(0.04	)	$	0.45
Diluted	$	(0.04	)	$	0.44
Anti-dilutive shares excluded from calculation:
Stock options and SARs	42,584			73,422