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BASIC AND DILUTED EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
BASIC AND DILUTED EARNINGS PER COMMON SHARE
NOTE C — BASIC AND DILUTED EARNINGS PER COMMON SHARE
 
For each of the periods ended June 30, 2016 and 2015, options to purchase 127,000 shares and 282,000 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)
 
2016
 
2015
 
2016
 
2015
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common shareholders
 
$
5,332
 
$
5,805
 
$
9,298
 
$
11,664
 
Average basic shares outstanding
 
 
37,470,071
 
 
32,978,006
 
 
36,159,473
 
 
32,971,670
 
Basic earnings per share
 
$
0.14
 
$
0.18
 
$
0.26
 
$
0.35
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common shareholders plus assumed conversions
 
$
5,332
 
$
5,805
 
$
9,298
 
$
11,664
 
Average basic shares outstanding
 
 
37,470,071
 
 
32,978,006
 
 
36,159,473
 
 
32,971,670
 
Restricted stock and stock options
 
 
671,479
 
 
255,502
 
 
637,786
 
 
213,094
 
Average diluted shares outstanding
 
 
38,141,550
 
 
33,233,508
 
 
36,797,259
 
 
33,184,764
 
Diluted earnings per share
 
$
0.14
 
$
0.18
 
$
0.25
 
$
0.35