Note 4 - Earnings Per Share

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 4:

Earnings Per Share:

Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding, after taking into consideration all dilutive potential shares outstanding during the period.

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Notes to Condensed Consolidated Financial Statements

(unaudited)

Basic and diluted earnings per share were calculated as follows:

	(dollars in thousands)				(dollars in thousands)
	For the three months Ended June 30,				For the six months Ended June 30,
	2015		2014		2015		2014
Net income	$	4,490	$	3,828	$	8,149	$	7,538
Weighted average basic shares outstanding		51,125,985		51,003,063		51,125,605		51,001,589
Effect of diluted securities attributable to stock based awards		262,617		320,707		87,350		360,378
Weighted average diluted shares outstanding		51,388,602		51,323,770		51,212,955		51,361,967
Income per common share:
Basic	$	0.09	$	0.08	$	0.16	$	0.15
Dilutive	$	0.09	$	0.07	$	0.16	$	0.15
Anti-dilutive securities excluded from EPS calculation		761,401		920,118		1,056,177		875,620