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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings per Common Share [Abstract]  
Schedule of computation of earnings per common share
Earnings per common share have been computed based on the following:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
(in thousands, except per share amounts)
 
2013
 
2012
 
2013
 
2012
 
Net income
 
$
5,094
 
$
4,454
 
$
14,941
 
$
13,038
 
Preferred stock dividends
 
 
(28)
 
 
(28)
 
 
(112)
 
 
(253)
 
Net income available to common shareholders
 
$
5,066
 
$
4,426
 
$
14,829
 
$
12,785
 
Basic weighted average common shares outstanding
 
 
16,349
 
 
16,347
 
 
16,349
 
 
16,338
 
Plus: effect of dilutive options
 
 
36
 
 
16
 
 
32
 
 
9
 
Diluted weighted average common shares outstanding
 
 
16,385
 
 
16,363
 
 
16,381
 
 
16,347
 
Earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.31
 
$
0.27
 
$
0.91
 
$
0.78
 
Diluted
 
$
0.31
 
$
0.27
 
$
0.91
 
$
0.78