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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2015
EARNINGS PER SHARE  
Schedule of earnings per common share (EPS) computation

 

 

 

 

June 30, 2015

 

June 30, 2014

 

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 available to common shareholders

 

$

9,660 

 

21,668,171 

 

$

0.45 

 

$

7,754 

 

20,450,885 

 

$

0.38 

 

Effect of dilutive warrants

 

 

 

151,965 

 

 

 

 

 

62,978 

 

 

 

Effect of dilutive stock options

 

 

 

102,157 

 

 

 

 

 

64,419 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders and assumed conversions

 

$

9,660 

 

21,922,293 

 

$

0.44 

 

$

7,754 

 

20,578,282 

 

$

0.38 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

June 30, 2014

 

For the six 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 available to common shareholders

 

$

17,323 

 

21,679,856 

 

$

0.80 

 

$

13,979 

 

20,442,131 

 

$

0.68 

 

Effect of dilutive warrants

 

 

 

141,609 

 

 

 

 

 

64,488 

 

 

 

Effect of dilutive stock options

 

 

 

98,677 

 

 

 

 

 

64,995 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders and assumed conversions

 

$

17,323 

 

21,920,142 

 

$

0.79 

 

$

13,979 

 

20,571,614 

 

$

0.68