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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2016
EARNINGS PER SHARE  
Schedule of reconciliations of the calculations of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

Nine Months Ended 

 

 

 

September 30,

 

September 30,

 

(In thousands except per share data)

    

2016

    

2015

    

2016

    

2015

 

Net income

 

$
3,911

 

$
3,856

 

$
11,767

 

$
10,308

 

Weighted average common shares outstanding

 

 
6,878

 

 
6,338

 

 
6,866

 

 
6,333

 

Dilutive effect of common stock equivalents

 

 
21

 

 
11

 

 
20

 

 
13

 

Weighted average common and common equivalent shares outstanding

 

 
6,899

 

 
6,349

 

 
6,886

 

 
6,346

 

Basic earnings per common share

 

$
0.57

 

$
0.61

 

$
1.71

 

$
1.63

 

Diluted earnings per common share

 

$
0.57

 

$
0.61

 

$
1.71

 

$
1.62