Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE (Tables)

v2.4.0.8
EARNINGS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2013
Text Block [Abstract]  
Basic And Diluted Earning Per Share
Basic earnings per common share are computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options and warrants.
  
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(In Thousands, Except Shares and Per Share Data)
Earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
6,944,900
 
 
5,981,218
 
 
6,618,129
 
 
5,971,630
Net income available to common stockholders
 
$
9,586
 
$
8,231
 
$
18,737
 
$
16,387
Basic earnings per common share
 
$
1.38
 
$
1.38
 
$
2.83
 
$
2.74
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
6,944,900
 
 
5,981,218
 
 
6,618,129
 
 
5,971,630
Dilutive effects of assumed conversions and
   exercise of stock options and warrants
 
 
273,542
 
 
952,346
 
 
529,736
 
 
952,087
Weighted average common and dilutive potential
   common shares outstanding
 
 
7,218,442
 
 
6,933,564
 
 
7,147,865
 
 
6,923,717
Net income available to common stockholders
 
$
9,586
 
$
8,231
 
$
18,737
 
$
16,387
Effect of interest expense on convertible debt, net
   of tax and discretionary expenditures related to
   conversion
 
 
-
 
 
142
 
 
115
 
 
283
Net income available to common stockholders,
   adjusted for effect of debt conversion
 
$
9,586
 
$
8,373
 
$
18,852
 
$
16,670
Diluted earnings per common share
 
$
1.33
 
$
1.21
 
$
2.64
 
$
2.41