EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2015

Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding for the applicable period. Diluted earnings per share is computed based on the weighted average number of shares outstanding plus the effect of any dilutive shares of restricted stock granted to employees and non-employee directors. There were approximately 607 and 43 anti-dilutive restricted shares for the three months ended June 30, 2015 and 2014, respectively, and 890 and 30,409 anti-dilutive restricted shares for the six months ended June 30, 2015 and 2014, respectively.

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share and share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Net income	$	9,795	$	8,591	$	15,405	$	14,153
Weighted average shares outstanding - basic	7,806,031		7,523,347		7,701,707		7,499,016
Dilutive potential shares from unvested restricted shares	155,375		155,685		275,083		275,394
Weighted average shares outstanding - diluted	7,961,406		7,679,032		7,976,790		7,774,410
Earnings per share:
Basic	$	1.25	$	1.14	$	2.00	$	1.89
Diluted	$	1.23	$	1.12	$	1.93	$	1.82