Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 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 month periods ended March 31, 2016 and 2015 are as follows (dollars in thousands, except per share data):
 
   
Three Months
Ended
March 31,
2016
    
Three Months
Ended
March 31,
2015
  
Net income available to common shares
  
$
3,495
    
$
2,840
  
                 
Weighted average shares outstanding, including participating stock awards - Basic
    
33,925,113
      
33,866,789
  
                 
Dilutive potential common shares:
                
Stock options
    
---
      
---
  
Stock warrants
    
---
      
---
  
Weighted average shares outstanding - Diluted
    
33,925,113
      
33,866,789
  
                 
Basic earnings per common share
  
$
0.10
    
$
0.08
  
Diluted earnings per common share
  
$
0.10
    
$
0.08
  

Stock options for 101,473 and 260,261 shares of common stock for the three month periods ended March 31, 2016 and 2015, respectively, were not considered in computing diluted earnings per share because they were antidilutive.