EARNINGS/(LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The numerator for earnings per share for the three and nine months ended September 30, 2014 is calculated for basic and diluted earnings per share as follows:

(in thousands)	Three months ended				Nine months ended
	September 30, 2014				September 30, 2014
	Basic		Diluted		Basic		Diluted
Net income	$	6,746	$	6,746	$	7,742	$	7,742
Net income allocated to warrants		(38)		(37)		(43)		(42)
Net income allocated to restricted stock		(47)		(47)		(54)		(54)
Net income allocated to common shares	$	6,661	$	6,662	$	7,645	$	7,646

The numerators for earnings per share from continuing operations and from the gain on discontinued operations for the three and nine months ended September 30, 2013 are calculated for basic and diluted earnings per share as follows:

(in thousands)	Three months ended September 30, 2013				Nine months ended September 30, 2013
	Basic		Diluted		Basic		Diluted
Net income/(loss) from Continuing Operations	$	1,041	$	1,041	$	(3,282)	$	(3,282)
Preferred stock dividends		-		-		(4,974)		(4,974)
Net income allocated to warrants		(19)		(19)		-		-
Net income/(loss) from Continuing Operations allocated to common shares	$	1,022	$	1,022	$	(8,256)	$	(8,256)
Gain on discontinued operations	$	150	$	150	$	150	$	150
Net gain on discontinued operations allocated to warrants		(3)		(3)		(3)		(3)
Gain on discontinued operations allocated to common shares	$	147	$	147	$	147	$	147