Earnings Per Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 19 – EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

 

 

 

2015

 

 

2014

 

 

2013

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

8,055

 

 

$

8,965

 

 

$

7,780

 

Weighted average shares outstanding

 

 

22,678,338

 

 

 

18,674,526

 

 

 

18,773,491

 

Basic earnings per share

 

$

0.36

 

 

$

0.48

 

 

$

0.41

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

8,055

 

 

$

8,965

 

 

$

7,780

 

Weighted average shares out-standing for basic earnings per share

 

 

22,678,338

 

 

 

18,674,526

 

 

 

18,773,491

 

Restricted stock awards

 

 

5,232

 

 

 

890

 

 

 

0

 

Weighted average shares for diluted earnings per share

 

 

22,683,570

 

 

 

18,675,416

 

 

 

18,773,491

 

Diluted earnings per share

 

$

0.36

 

 

$

0.48

 

 

$

0.41

 

193,105 award shares of common stock, issued during 2015, were not considered in computing diluted earnings per share because they were anti-dilutive.  Stock options for 5,000 shares of common stock for 2013 were not considered in computing diluted earnings per share because they were antidilutive.