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Earnings Per Common Share
12 Months Ended
Dec. 31, 2014
EARNINGS PER COMMON SHARE  
EARNINGS PER COMMON SHARE

2. EARNINGS PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2014

 

2013

 

2012

 

Amount

 

Per
Share
Amount

 

Amount

 

Per
Share
Amount

 

Amount

 

Per
Share
Amount

 

(Amounts in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

14,742 

 

 

 

   

$

12,610 

 

 

 

 

$

8,535 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

22,625 

 

$

0.65 

 

 

20,748 

 

$

0.61 

 

 

19,382 

 

$

0.44 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add incremental shares for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities - options

 

290 

 

 

 

 

 

132 

 

 

 

 

 

23 

 

 

 

Total

 

22,915 

 

$

0.64 

 

 

20,880 

 

$

0.60 

 

 

19,405 

 

$

0.44