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Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Summary of Computation of Basic and Diluted Earnings Per Share

The following table shows computation of basic and diluted earnings per share.

 

     Three months ended
March 31
 
     2014      2013  
     (Unaudited)      (Unaudited)  

Basic earnings per share

     

Net income

   $ 3,417       $ 5,311   

Less: Preferred stock dividends and accretion of discount

     31         146   
  

 

 

    

 

 

 

Net income available to common shareholders

   $ 3,386       $ 5,165   

Weighted average common shares outstanding

     8,630,966         8,617,466   

Basic earnings per share

   $ 0.39       $ 0.60   
  

 

 

    

 

 

 

Diluted earnings per share

     

Net income available to common shareholders

   $ 3,386       $ 5,165   

Weighted average common shares outstanding

     8,630,966         8,617,466   

Effect of dilutive securities:

     

Warrants

     311,278         293,237   

Restricted stock

     39,519         35,557   

Stock options

     40,023         34,395   
  

 

 

    

 

 

 

Weighted average shares outstanding

     9,021,786         8,980,655   

Diluted earnings per share

   $ 0.38       $ 0.58