BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2014

BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE [Abstract]

BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

NOTE C - BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

Equivalent shares of 302,000 and 88,000 related to stock options, and stock settled appreciation rights for each of the periods ended March 31, 2014 and 2013, respectively, were excluded from the computation of diluted EPS because they would have been anti-dilutive.

	Three Months Ended
	March 31,
(Dollars in thousands, except per share data)	2014		2013
Basic:
Net income available to common shareholders	$	2,299	$	1,107
Average basic shares outstanding		25,489,630		18,789,428
Basic earnings per share	$	0.09	$	0.06
Diluted:
Net income available to common shareholders	$	2,299	$	1,107
Average basic shares outstanding		25,489,630		18,789,428
Employee restricted stock		167,145		135,787
Average diluted shares outstanding		25,656,775		18,925,215
Diluted earnings per share	$	0.09	$	0.06