Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

2. EARNINGS PER SHARE

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

	For the three months ended March 31,
	2013		2012
	(In Thousands, Except Per Share Data)
Numerator:
Net income allocable to common stockholders	$	9,048	$	5,752
Denominator:
Denominator for basic earnings per share — weighted average shares		8,781		8,687
Effect of dilutive employee stock options and warrants		92		73
Denominator for diluted earnings per share — adjusted weighted average shares and assumed exercise		8,873		8,760
Earnings per share:
Basic:
Net income allocable to common shareholders	$	1.03	$	0.66
Diluted:
Net income allocable to common shareholders	$	1.02	$	0.66
Outstanding common stock equivalents having no dilutive effect		265		480