BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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

Equivalent shares of 502,000 and 88,000 related to stock options, and stock settled appreciation rights for each of the periods ended June 30, 2014 and 2013, respectively, were excluded from the computation of diluted EPS because they would have been anti-dilutive.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except per share data)	2014		2013		2014		2013
Basic:
Net income available to common shareholders	$	1,918	$	2,017	$	4,217	$	3,124
Average basic shares outstanding		25,826,825		18,794,651		25,659,159		18,792,054
Basic earnings per share	$	0.07	$	0.11	$	0.16	$	0.17
Diluted:
Net income available to common shareholders	$	1,918	$	2,017	$	4,217	$	3,124
Average basic shares outstanding		25,826,825		18,794,651		25,659,159		18,792,054
Employee restricted stock		171,296		141,829		169,232		138,825
Average diluted shares outstanding		25,998,121		18,936,480		25,828,391		18,930,879
Diluted earnings per share	$	0.07	$	0.11	$	0.16	$	0.17