Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Common Share [Abstract]

Reconciliation of numerator and denominator used in earnings per common share calculations

A reconciliation of the numerator and denominator used in the earnings per common share calculations is as follows:

	Three Months Ended June 30, 2014
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	877			20,816
Less preferred stock dividends		(118	)		-
Net income applicable to common shareholders	$	759			20,816	$	.04

	Three Months Ended June 30, 2013
	Income			Shares (In thousands)		Per Share Amount
Basic Earnings Per Common Share:
Net income	$	5,960			21,268
Less preferred stock dividends		(119	)		-
Net income applicable to common shareholders		5,841			21,268	$	.27
Diluted Earnings Per Common Share:
Effect of Series D preferred stock		119			1,629
Net income applicable to common shareholders	$	5,960			22,897	$	.26

	Six Months Ended June 30, 2014
	Income			Shares (In thousands)		Per Share Amount
Basic and Diluted Earnings Per Common Share:
Net income	$	1,697			20,944
Less preferred stock dividends		(236	)		-
Net income applicable to common shareholders	$	1,461			20,944	$	.07

	Six Months Ended June 30, 2013
	Income			Shares (In thousands)		Per Share Amount
Basic Earnings Per Common Share:
Net income	$	6,882			21,225
Less preferred stock dividends		(246	)		-
Net income applicable to common shareholders		6,636			21,225	$	.31
Diluted Earnings Per Common Share:
Effect of dilutive stock options		-			38
Effect of Series D preferred stock		246			1,629
Net income applicable to common shareholders	$	6,882			22,892	$	.30