Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

v3.5.0.2
EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 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 six month periods ended June 30, 2016 and 2015 are as follows (dollars in thousands, except per share data):
 
   
Three Months
Ended
June 30,
2016
    
Three Months
Ended
June 30,
2015
    
Six Months
Ended
June 30,
2016
    
Six Months
Ended
June 30,
2015
  
Net income available to common shares
  
$
3,745
    
$
3,215
    
$
7,240
    
$
6,055
  
                                 
Weighted average shares outstanding, including participating stock awards - Basic
    
33,922,506
      
33,866,789
      
33,923,810
      
33,866,789
  
                                 
Dilutive potential common shares:
                                
Stock options
    
---
      
---
      
---
      
---
  
Stock warrants
    
---
      
---
      
---
      
---
  
Weighted average shares outstanding - Diluted
    
33,922,506
      
33,866,789
      
33,923,810
      
33,866,789
  
                                 
Basic earnings per common share
  
$
0.11
    
$
0.09
    
$
0.21
    
$
0.18
  
Diluted earnings per common share
  
$
0.11
    
$
0.09
    
$
0.21
    
$
0.18
  

Stock options for 100,896 shares of common stock for both the three and six month periods ended June 30, 2016 were not considered in computing diluted earnings per share because they were antidilutive.  Stock options for 258,361 shares of common stock for both the three and six month periods ended June 30, 2015 were not considered in computing diluted earnings per share because they were antidilutive.