BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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

For each of the periods ended June 30, 2015 and 2014, options and warrants to purchase 282,000 and 302,000 shares, respectively, were antidilutive and accordingly were excluded in determining diluted earnings per share.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except per share data)	2015		2014		2015		2014
Basic:
Net income available to common shareholders	$	5,805	$	1,918	$	11,664	$	4,217
Average basic shares outstanding		32,978,006		25,826,825		32,971,670		25,659,159
Basic earnings per share	$	0.18	$	0.07	$	0.35	$	0.16
Diluted:
Net income available to common shareholders	$	5,805	$	1,918	$	11,664	$	4,217
Average basic shares outstanding		32,978,006		25,826,825		32,971,670		25,659,159
Restricted stock awards		255,502		171,296		213,094		169,232
Average diluted shares outstanding		33,233,508		25,998,121		33,184,764		25,828,391
Diluted earnings per share	$	0.18	$	0.07	$	0.35	$	0.16