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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Summary of Components Comprising Basic and Diluted Earnings Per Share

The following is a summary of components comprising basic and diluted earnings per share (“EPS”) for the three and six months ended June 30, 2015 and 2014:

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2015      2014      2015      2014  
     (Dollars in Thousands      (Dollars in Thousands  
     Except Per Share Amounts)      Except Per Share Amounts)  

Basic EPS Computation:

           

Numerator – Earnings available to common stockholders

   $ 6,201       $ 5,154       $ 11,817       $ 9,326   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator – Weighted average number of common shares outstanding

     7,610,002         7,534,761         7,603,734         7,528,555   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ .81       $ .68       $ 1.55       $ 1.24   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted EPS Computation:

           

Numerator – Earnings available to common stockholders

   $ 6,201       $ 5,154       $ 11,817       $ 9,326   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator – Weighted average number of common shares outstanding

     7,610,002         7,534,761         7,603,734         7,528,555   

Dilutive effect of stock options

     3,366         4,471         3,451         4,486   
  

 

 

    

 

 

    

 

 

    

 

 

 
     7,613,368         7,539,232         7,607,185         7,533,041   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per common share

   $ .81       $ .68       $ 1.55       $ 1.24