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Net Income per Share (Tables)
9 Months Ended
Sep. 30, 2014
Net Income per Share [Abstract]  
Reconciliation Of The Calculation Of Basic And Diluted Income Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30,

 

For the nine months ended September 30,

(In thousands, except per share amounts)

 

2014

 

2013

 

2014

 

2013

Net income

 

$

1,886 

 

$

1,302 

 

$

4,707 

 

$

3,848 

Less: Preferred stock dividends and discount accretion

 

 

 -

 

 

119 

 

 

 -

 

 

988 

Income available to common shareholders

 

$

1,886 

 

$

1,183 

 

$

4,707 

 

$

2,860 

Weighted average common shares outstanding - Basic

 

 

7,847 

 

 

7,545 

 

 

7,680 

 

 

7,542 

Plus: Potential dilutive common stock equivalents

 

 

99 

 

 

277 

 

 

85 

 

 

325 

Weighted average common shares outstanding - Diluted

 

 

7,946 

 

 

7,822 

 

 

7,765 

 

 

7,867 

Net income per common share - Basic

 

$

0.24 

 

$

0.16 

 

$

0.61 

 

$

0.38 

Net income per common share - Diluted

 

 

0.24 

 

 

0.15 

 

 

0.61 

 

 

0.36 

Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive

 

 

120 

 

 

282 

 

 

115 

 

 

383