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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2014
EARNINGS PER SHARE  
Schedule of computation of EPS

 

 

 

 

Three months ended,

 

 

 

March 31,

 

(In thousands, except per share data)

 

2014

 

2013

 

Net Income

 

$

406

 

$

3,113

 

Less: Dividends paid on and earnings allocated to participating securities

 

—

 

(80

)

Income attributable to common stock

 

$

406

 

$

3,033

 

 

 

 

 

 

 

Weighted average common shares outstanding, including participating securities

 

11,513

 

8,978

 

Less: weighted average participating securities

 

(263

)

(231

)

Weighted average common shares outstanding

 

11,250

 

8,747

 

Basic earnings per common share

 

$

0.04

 

$

0.35

 

 

 

 

 

 

 

Income attributable to common stock

 

$

406

 

$

3,033

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

11,250

 

8,747

 

Weighted average common equivalent shares outstanding

 

1

 

—

 

Weighted average common and equivalent shares outstanding

 

11,251

 

8,747

 

Diluted earnings per common share

 

$

0.04

 

$

0.35