Earnings per share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table sets forth the components of diluted earnings per share (in thousands, except shares amounts):

	Three months ended June 30, 2013		Six months ended June 30, 2013
Numerator
Net income	$	5,227	$	4,243
Denominator
Weighted average common stock outstanding – basic	19,374,601		13,624,599
Stock options using the treasury method	884,583		897,628
Weighted average common stock outstanding – diluted	20,259,184		14,522,227
Stock options excluded from the calculation of diluted earnings per share because inclusion would have been anti-dilutive	—		—