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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2013
EARNINGS PER SHARE  
Schedule of reconciliation of earnings per share

 

For the Years Ended December 31,

 

2013

 

2012

 

2011

 

(In thousands, except per share data)

 

 

 

 

 

 

 

Net Income

 

$

13,093

 

$

12,772

 

$

10,359

 

Less: Dividends paid on and earnings allocated to participating securities

 

(329

)

(328

)

(299

)

Income attributable to common stock

 

$

12,764

 

$

12,444

 

$

10,060

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, including participating securities

 

9,622

 

8,633

 

6,712

 

Less: weighted average participating securities

 

(242

)

(223

)

(193

)

Weighted average common shares outstanding

 

9,380

 

8,410

 

6,519

 

Basic earnings per common share

 

$

1.36

 

$

1.48

 

$

1.54

 

 

 

 

 

 

 

 

 

Income attributable to common stock

 

$

12,764

 

$

12,444

 

$

10,060

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

9,380

 

8,410

 

6,519

 

Weighted average common equivalent shares outstanding

 

 

1

 

1

 

Weighted average common and equivalent shares outstanding

 

9,380

 

8,411

 

6,520

 

Diluted earnings per common share

 

$

1.36

 

$

1.48

 

$

1.54