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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2015
EARNINGS PER SHARE  
Schedule of computation of EPS

 

 

Three months ended,

 

 

 

March 31,

 

(In thousands, except per share data)

 

2015

 

2014

 

Net Income

 

$
4,763

 

$
406

 

Less: Dividends paid on and earnings allocated to participating securities

 
(118

)

—

 

Income attributable to common stock

 

$
4,645

 

$
406

 

 

 

 

 

 

 

Weighted average common shares outstanding, including participating securities

 
11,720

 
11,513

 

Less: weighted average participating securities

 
(301

)
(263

)

Weighted average common shares outstanding

 
11,419

 
11,250

 

Basic earnings per common share

 

$
0.41

 

$
0.04

 

 

 

 

 

 

 

Income attributable to common stock

 

$
4,645

 

$
406

 

 

 

 

 

 

 

Weighted average common shares outstanding

 
11,419

 
11,250

 

Weighted average common equivalent shares outstanding

 
1

 
1

 

Weighted average common and equivalent shares outstanding

 
11,420

 
11,251

 

Diluted earnings per common share

 

$
0.41

 

$
0.04