Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 
   2013   2012   2011  

Basic earnings per common share

                    

Net income

   $ 11,639   $ 6,012   $ 19,040  

Less income allocated to participating securities

     179     69     233  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income allocated to common shareholders

   $ 11,460   $ 5,943   $ 18,807  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Weighted average common shares outstanding

     22,029,374     21,894,569     21,650,736  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 0.52   $ 0.27   $ 0.87  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Earnings per common share assuming dilution

                    

Net income

   $ 11,639   $ 6,012   $ 19,040  

Less income allocated to participating securities

     179     69     233  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income allocated to common shareholders

   $ 11,460   $ 5,943   $ 18,807  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Weighted average common shares outstanding

     22,029,374     21,894,569     21,650,736  

Incremental shares applicable to stock based compensation

     37,800     69,742     163,881  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Weighted average common shares assuming dilution

     22,067,174     21,964,311     21,814,617  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 0.51   $ 0.26   $ 0.85  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​