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Earnings and Dividends per Share (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings and Dividends per Share [Abstract]  
Earnings and dividends per share
The computation of basic and diluted earnings per share for the three months ended March 31, 2014 and 2013 using the two-class method is as follows:

 
 
Three Months Ended March 31
 
(Dollars in thousands, except share and earnings per share amounts)
 
2014
  
2013
 
 
    
Net income
 
$
2,073
  
$
1,626
 
Less: net income allocable to participating securities
  
(4
)
  
(4
)
Net income attributable to common shares
 
$
2,069
  
$
1,622
 
 
        
Weighted average shares outstanding
  
13,596,296
   
13,556,515
 
Stock options (dilutive only)
  
16,691
   
4,788
 
Stock subscribed ("ESPP")
  
1,196
   
-
 
Retention awards
  
17,452
   
8,349
 
Stock subscribed ("LTEIP")
  
28,192
   
8,777
 
Total dilutive shares outstanding
  
13,659,827
   
13,578,429
 
 
        
Earnings per share:
        
Basic and diluted
 
$
0.15
  
$
0.12
 
 
        
Dividends per share
 
$
0.15
  
$
0.145
 
Shares outstanding on record date
Cash dividends are based on the number of common shares outstanding at their respective record dates. The number of shares outstanding as of the record date for the first quarter of 2014 and 2013, respectively, are as follows:

Shares outstanding on record date
2014
2013
First quarter (February 15)
13,612,913
13,586,903