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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Computation of Basic and Diluted Shares

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

 

 

Three months
ended September 30,

 

  

Nine months ended

September 30,

 

 

2013

 

  

2012

 

  

2013

 

  

2012

 

Net income             

$

  4,319

 

  

$

  2,504

 

  

$

  12,031

 

  

$

  8,487

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic             

 

  7,374,600

 

  

 

  7,166,020

 

 

 

  7,347,376

 

 

 

  7,138,878

 

Dilutive potential shares from unvested restricted shares             

 

  183,536

 

  

 

  157,225

 

 

 

  239,112

 

 

 

  157,966

 

Dilutive potential shares from stock options             

 

 

  

 

 

 

 

 

 

 

  4,170

 

Weighted average shares outstanding – diluted             

 

  7,558,136

 

  

 

  7,323,245

 

 

 

  7,586,488

 

 

 

  7,301,014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

Basic             

$

  0.59

 

  

$

  0.35

 

  

$

  1.64

 

  

$

  1.19

 

Diluted             

$

  0.57

 

  

$

  0.34

 

  

$

  1.59

 

  

$

  1.16