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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share is shown in the following table:

 

(In Thousands, except Share and Per Share Data)

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

2013

 

 

2012

 

 

2013

 

 

2012

 

Basic EPS computation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income             

$

  1,868

 

 

$

  2,286

 

 

$

  3,873

 

 

$

  4,806

 

Denominator – Weighted average shares outstanding             

 

  18,747,138

 

 

 

  18,800,122

 

 

 

  18,770,961

 

 

 

  18,782,968

 

Basic earnings per share             

$

  .10

 

 

$

  .12

 

 

$

  .21

 

 

$

  .26

 

Diluted EPS computation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator – Net income             

$

  1,868

 

 

$

  2,286

 

 

$

  3,873

 

 

$

  4,806

 

Denominator – Weighted average shares outstanding for basic earnings per share             

 

  18,747,138

 

 

 

  18,800,122

 

 

 

  18,770,961

 

 

 

  18,782,968

 

Effect of Stock Options             

 

  0

 

 

 

  0

 

 

 

  0

 

 

 

  0

 

Weighted averages shares for diluted earnings per share             

 

  18,747,138

 

 

 

  18,800,122

 

 

 

  18,770,961

 

 

 

  18,782,968

 

Diluted earnings per share             

$

  .10

 

 

$

  .12

 

 

$

  .21

 

 

$

  .26