EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE

Schedule of computation of EPS

	Three months ended,
	March 31,
(In thousands, except per share data)	2016			2015
Net Income	$	8,626		$	4,763
Less: Dividends paid on and earnings allocated to participating securities		(170	)	$	(118	)
Income attributable to common stock	$	8,456		$	4,645
Weighted average common shares outstanding, including participating securities		17,479			11,720
Less: weighted average participating securities		(353	)		(301	)
Weighted average common shares outstanding		17,126			11,419
Basic earnings per common share	$	0.49		$	0.41
Income attributable to common stock	$	8,456		$	4,645
Weighted average common shares outstanding		17,126			11,419
Weighted average common equivalent shares outstanding		11			1
Weighted average common and equivalent shares outstanding		17,137			11,420
Diluted earnings per common share	$	0.49		$	0.41