Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE (Tables)

v2.4.0.8
EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2014
EARNINGS PER COMMON SHARE [Abstract]  
Reconciliation of numerators and denominators of basic and diluted earnings per common share
A reconciliation of the numerators and denominators of basic and diluted earnings per common share for the three month periods ended March 31, 2014 and 2013 are as follows (dollars in thousands, except per share data):

 
 
Three Months
   
Three Months
 
 
 
Ended
   
Ended
 
 
 
March 31,
   
March 31,
 
 
 
2014
   
2013
 
Net income
 
$
2,639
   
$
2,473
 
Dividends declared on preferred shares
   
---
     
---
 
Net income available to common shares
 
$
2,639
   
$
2,473
 
 
               
Weighted average shares outstanding, including participating stock awards - Basic
   
33,790,542
     
27,211,603
 
 
               
Dilutive potential common shares:
               
Stock options
   
---
     
---
 
Conversion of preferred stock
   
---
     
---
 
Stock warrants
   
---
     
---
 
Weighted average shares outstanding - Diluted
   
33,790,542
     
27,211,603
 
 
               
Basic earnings per common share
 
$
0.08
   
$
0.09
 
Diluted earnings per common share
 
$
0.08
   
$
0.09