Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

Note 12

EARNINGS PER SHARE

 

The following table sets forth the computation of basic and diluted earnings per share:

 

(Dollars and Per Share Data in Thousands)   2013   2012   2011
Numerator:            
Net Income   $ 6,045     $ 108     $ 4,897  
                         
Denominator:                        
Denominator for Basic Earnings Per Share Weighted-Average Shares     17,325       17,205       17,140  
Effects of Dilutive Securities Stock Compensation Plans     74       15       —    
                         
Denominator for Diluted Earnings Per Share Adjusted Weighted-Average Shares and Assumed Conversions     17,399       17,220       17,140  
                         
Basic Earnings Per Share   $ 0.35     $ 0.01     $ 0.29  
                         
Diluted Earnings Per Share   $ 0.35     $ 0.01     $ 0.29  

 

Stock options for 23,138 and 37,246 shares of common stock related to awards earned in 2003 and 2004, respectively, were not considered in computing diluted earnings per common share for 2013, 2012 and 2011 because they were anti-dilutive.