| 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 and nine month periods ended September 30, 2014 and 2013 are as follows (dollars in thousands, except per share data):
| |
|
Three Months |
|
|
Three Months |
|
|
Nine Months |
|
|
Nine Months |
|
| |
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
|
September 30, |
|
|
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
Net income |
|
$ |
2,762 |
|
|
$ |
2,238 |
|
|
$ |
8,155 |
|
|
$ |
7,315 |
|
Dividends declared on preferred shares |
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
Net income available to common shares |
|
$ |
2,762 |
|
|
$ |
2,238 |
|
|
$ |
8,155 |
|
|
$ |
7,315 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding, including participating stock awards - Basic |
|
|
33,795,384 |
|
|
|
27,261,325 |
|
|
|
33,791,470 |
|
|
|
27,244,741 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilutive potential common shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options |
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
Conversion of preferred stock |
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
Stock warrants |
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
|
|
--- |
|
Weighted average shares outstanding - Diluted |
|
|
33,795,384 |
|
|
|
27,261,325 |
|
|
|
33,791,470 |
|
|
|
27,244,741 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common share |
|
$ |
0.08 |
|
|
$ |
0.08 |
|
|
$ |
0.24 |
|
|
$ |
0.27 |
|
Diluted earnings per common share |
|
$ |
0.08 |
|
|
$ |
0.08 |
|
|
$ |
0.24 |
|
|
$ |
0.27 |
|
|