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Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings per Common Share [Abstract]  
Schedule of computation of earnings per common share [Table Text Block]
                                 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(in thousands, except per share amounts)

 

2012

 

 

2011

 

 

2012

 

 

2011

 

Net income

 

$

4,353

 

 

$

3,584

 

 

$

8,584

 

 

$

6,602

 

Preferred stock dividends and accretion

 

 

84

 

 

 

145

 

 

 

225

 

 

 

291

 

Net income available to common shareholders

 

$

4,269

 

 

$

3,439

 

 

$

8,359

 

 

$

6,311

 

Basic weighted average common shares outstanding

 

 

16,334

 

 

 

16,291

 

 

 

16,333

 

 

 

16,291

 

Plus: effect of dilutive options and warrants

 

 

8

 

 

 

25

 

 

 

 

7

 

 

 

18

 

Diluted weighted average common shares outstanding

 

 

16,342

 

 

 

16,316

 

 

 

16,340

 

 

 

16,309

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.26

 

 

$

0.21

 

 

$

0.51

 

 

$

0.39

 

Diluted

 

$

0.26

 

 

$

0.21

 

 

$

0.51

 

 

$

0.39