Earnings Per Common Share

6 Months Ended

Jun. 30, 2015

Earnings Per Common Share [Abstract]

EARNINGS PER COMMON SHARE

10. EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share (share amounts in thousands):

		June 30,				June 30,
		2015		2014		2015		2014
Numerator for basic and diluted earnings per common share -
Income available to common stockholders:
Net income	$	5,362	$	6,862	$	9,649	$	10,511
Denominator:
Weighted average shares outstanding		10,284		10,223		10,272		10,210
Denominator for basic earnings per common share		10,284		10,223		10,272		10,210
Effect of dilutive securities:
Employee stock options		-		6		1		7
Other stock compensation plans		86		80		112		92
Dilutive potential common shares		86		86		113		99
Denominator for diluted earnings per common share - adjusted weighted average shares outstanding and assumed conversions		10,370		10,309		10,385		10,309
Basic earnings per common share	$	0.52	$	0.67	$	0.94	$	1.03
Diluted earnings per common share	$	0.52	$	0.67	$	0.93	$	1.02
Dividends paid per common share	$	0.04	$	0.03	$	0.08	$	0.06