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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2014
EARNINGS PER SHARE  
Schedule of earnings per common share computation

 

 

 

 

March 31, 2014

 

March 31, 2013

 

For the three months ended:

 

Net
Income

 

Weighted
Average
Shares

 

Per
Share
Amount

 

Net
Income

 

Weighted
Average
Shares

 

Per
Share
Amount

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

6,225

 

20,433,279

 

 

 

$

3,991

 

20,316,189

 

 

 

Redemption of preferred shares

 

 

 

 

 

 

 

 

 

 

 

Preferred dividends and accretion

 

 

 

 

 

 

(202

)

 

 

 

 

Net income available to common shareholders

 

$

6,225

 

20,433,279

 

$

0.30

 

$

3,789

 

20,316,189

 

$

0.19

 

Effect of dilutive warrants

 

 

 

65,989

 

 

 

 

 

 

 

 

Effect of dilutive stock options

 

 

 

65,665

 

 

 

 

 

62,465

 

 

 

Net income available to common shareholders and assumed conversions

 

$

6,225

 

20,564,933

 

$

0.30

 

$

3,789

 

20,378,654

 

$

0.19