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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2012
EARNINGS PER SHARE  
Schedule of computation of EPS

 

 

For the Years Ended December 31,

 

2012

 

2011

 

2010

 

(In thousands, except per share data)

 

 

 

 

 

 

 

Net Income

 

$

12,772

 

$

10,359

 

$

9,166

 

Less: Dividends paid on and earnings allocated to participating securities

 

(328

)

(299

)

(243

)

Income attributable to common stock

 

$

12,444

 

$

10,060

 

$

8,923

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, including participating securities

 

8,633

 

6,712

 

6,308

 

Less: weighted average participating securities

 

(223

)

(193

)

(170

)

Weighted average common shares outstanding

 

8,410

 

6,519

 

6,138

 

Basic earnings per common share

 

$

1.48

 

$

1.54

 

$

1.45

 

 

 

 

 

 

 

 

 

Income attributable to common stock

 

$

12,444

 

$

10,060

 

$

8,923

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

8,410

 

6,519

 

6,138

 

Weighted average common equivalent shares outstanding

 

1

 

1

 

1

 

Weighted average common and equivalent shares outstanding

 

8,411

 

6,520

 

6,139

 

Diluted earnings per common share

 

$

1.48

 

$

1.54

 

$

1.45