Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

v3.5.0.2
EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 30, 2016
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 8 - EARNINGS PER COMMON SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per common share for the three and nine month periods ended September 30, 2016 and 2015 are as follows (dollars in thousands, except per share data):
 
   
Three Months
Ended
September 30,
2016
    
Three Months
Ended
September 30,
2015
    
Nine Months
Ended
September 30,
2016
    
Nine Months
Ended
September 30,
2015
  
Net income available to common shares
  
$
4,604
    
$
3,201
    
$
11,844
    
$
9,256
  
                                 
Weighted average shares outstanding, including participating stock awards - Basic
    
33,921,599
      
33,866,789
      
33,923,067
      
33,866,789
  
                                 
Dilutive potential common shares:
                                
Stock options
    
---
      
---
      
---
      
---
  
Weighted average shares outstanding - Diluted
    
33,921,599
      
33,866,789
      
33,923,067
      
33,866,789
  
Basic earnings per common share
  
$
0.14
    
$
0.09
    
$
0.35
    
$
0.27
  
Diluted earnings per common share
  
$
0.14
    
$
0.09
    
$
0.35
    
$
0.27
  

Stock options for 100,896 shares of common stock for both the three and nine month periods ended September 30, 2016 were not considered in computing diluted earnings per share because they were antidilutive.  Stock options for 200,483 shares of common stock for both the three and nine month periods ended September 30, 2015 were not considered in computing diluted earnings per share because they were antidilutive.