Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Note 23 – Earnings Per Share

Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from assumed issuance. Potential common shares that may be issued by the Company relate solely from outstanding stock options, and are determined using the treasury stock method. Earnings per share have been computed based on the following:

	Three months ended March 31,
(In thousands)	2015		2014
Net income	$	8,336	$	7,365
Average number of common shares outstanding		22,727		16,097
Effect of dilutive stock options and restricted stock		223		225
Average number of common shares outstanding used to calculate diluted earnings per share		22,950		16,322
Options excluded from diluted earnings per share because the effect of these options was antidilutive		23		101
Restricted stock excluded from diluted earnings per share because the effect of these restricted stock was antidilutive		—		n/a