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Net Income per Share (Tables)
6 Months Ended
Jun. 30, 2014
Net Income per Share [Abstract]  
Reconciliation Of The Calculation Of Basic And Diluted Income Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30,

 

For the six months ended June 30,

(In thousands, except per share amounts)

 

2014

 

2013

 

2014

 

2013

Net income

 

$

1,528 

 

$

1,347 

 

$

2,821 

 

$

2,546 

Less: Preferred stock dividends and discount accretion

 

 

 -

 

 

465 

 

 

 -

 

 

869 

Income available to common shareholders

 

$

1,528 

 

$

882 

 

$

2,821 

 

$

1,677 

Weighted average common shares outstanding - Basic

 

 

7,605 

 

 

7,544 

 

 

7,596 

 

 

7,541 

Plus: Potential dilutive common stock equivalents

 

 

85 

 

 

367 

 

 

76 

 

 

340 

Weighted average common shares outstanding - Diluted

 

 

7,690 

 

 

7,911 

 

 

7,672 

 

 

7,881 

Net income per common share - Basic

 

$

0.20 

 

$

0.12 

 

$

0.37 

 

$

0.22 

Net income per common share - Diluted

 

 

0.20 

 

 

0.11 

 

 

0.37 

 

 

0.21 

Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive

 

 

126 

 

 

396 

 

 

114 

 

 

387