For the three months ended September 30,

For the nine months ended September 30,

2014

2013

2014

2013

Basic net income per common share

Net income applicable to common shareholders

$

1,982

$

22,233

$

6,037

$

25,908

Undistributed earnings allocated to participating securities

(9

)

(200

)

(42

)

(233

)

Net income allocated to common shareholders

$

1,973

$

22,033

$

5,995

$

25,675

Average common shares issued and outstanding

12,710,091

12,663,162

12,692,006

12,655,473

Basic net income per common share

$

0.15

$

1.74

$

0.47

$

2.03

Diluted net income per common share

Net income applicable to common shareholders

$

1,982

$

22,233

$

6,037

$

25,908

Undistributed earnings allocated to participating securities

(9

)

(200

)

(42

)

(232

)

Net income allocated to common shareholders

$

1,973

$

22,033

$

5,995

$

25,676

Average common shares issued and outstanding

12,710,091

12,663,162

12,692,006

12,655,473

Dilutive potential common shares (1)

61,543

11,581

49,970

-

Total diluted average common shares issued and outstanding

12,771,634

12,674,743

12,741,976

12,655,473

Diluted net income per common share

$

0.15

$

1.74

$

0.47

$

2.03