| Schedule of computation of basic and diluted earnings per share |
|
|
|
Three months ended
|
|
Six months ended
|
|
|
|
|
June 30, 2013
|
|
June 30, 2012
|
|
June 30, 2013
|
|
June 30, 2012
|
|
|
Basic earnings per common share
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
5,909
|
|
$
|
8,972
|
|
$
|
2,505
|
|
$
|
4,705
|
|
|
Less income allocated to participating securities
|
|
88
|
|
94
|
|
34
|
|
32
|
|
|
Net income allocated to common shareholders
|
|
$
|
5,821
|
|
$
|
8,878
|
|
$
|
2,471
|
|
$
|
4,673
|
|
|
Weighted average common shares outstanding
|
|
22,038,161
|
|
21,906,622
|
|
22,004,793
|
|
21,866,662
|
|
|
|
|
$
|
0.26
|
|
$
|
0.41
|
|
$
|
0.11
|
|
$
|
0.21
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per common share assuming dilution
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
5,909
|
|
$
|
8,972
|
|
$
|
2,505
|
|
$
|
4,705
|
|
|
Less income allocated to participating securities
|
|
88
|
|
94
|
|
34
|
|
32
|
|
|
Net income allocated to common shareholders
|
|
$
|
5,821
|
|
$
|
8,878
|
|
$
|
2,471
|
|
$
|
4,673
|
|
|
Weighted average common shares outstanding
|
|
22,038,161
|
|
21,906,622
|
|
22,004,793
|
|
21,866,662
|
|
|
Incremental shares applicable to stock based compensation
|
|
25,892
|
|
55,476
|
|
45,203
|
|
119,312
|
|
|
Weighted average common shares assuming dilution
|
|
22,064,053
|
|
21,962,098
|
|
22,049,996
|
|
21,985,974
|
|
|
|
|
$
|
0.26
|
|
$
|
0.40
|
|
$
|
0.11
|
|
$
|
0.21
|
|
|