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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

 

For the Three Months Ended March 31,

 

 

2016

 

 

2015

 

 

(Dollars in thousands, except per share data)

 

Net income per consolidated statements of income

$

3,320

 

 

$

3,686

 

Net income allocated to participating securities

 

(22

)

 

 

(21

)

Net income allocated to common stock

$

3,298

 

 

$

3,665

 

 

 

 

 

 

 

 

 

Basic earnings per common share computation:

 

 

 

 

 

 

 

Distributed earnings allocated to common stock

$

1,188

 

 

$

493

 

Undistributed earnings allocated to common stock

 

2,110

 

 

 

3,172

 

Net income allocated to common stock

$

3,298

 

 

$

3,665

 

Weighted average common shares outstanding, including shares

   considered participating securities

 

47,587

 

 

 

49,291

 

Less: Average participating securities

 

(315

)

 

 

(269

)

Weighted average shares

 

47,272

 

 

 

49,022

 

Basic earnings per common share

$

0.07

 

 

$

0.07

 

 

 

 

 

 

 

 

 

Diluted earnings per common share computation:

 

 

 

 

 

 

 

Net income allocated to common stock

$

3,298

 

 

$

3,665

 

Weighted average common shares outstanding for basic

   earnings per common share

 

47,272

 

 

 

49,022

 

Add: Dilutive effects of assumed exercises of stock options

 

279

 

 

 

273

 

Weighted average shares and dilutive potential common shares

 

47,551

 

 

 

49,295

 

Diluted earnings per common share

$

0.07

 

 

$

0.07