Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 4 - EARNINGS PER COMMON SHARE
 
Basic earnings per common share are computed by dividing net income 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 March 31,
 
 
 
2016
 
2015
 
 
 
(In Thousands, Except Shares and 
Per Share Data)
 
Earnings per common share
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
26,097,363
 
 
25,396,241
 
Net income available to common stockholders
 
$
17,649
 
$
12,955
 
Basic earnings per common share
 
$
0.68
 
$
0.51
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
26,097,363
 
 
25,396,241
 
Dilutive effects of assumed conversions and exercise of stock options and warrants
 
 
469,447
 
 
841,739
 
Weighted average common and dilutive potential common shares outstanding
 
 
26,566,810
 
 
26,237,980
 
Net income, available to common stockholders
 
$
17,649
 
$
12,955
 
Diluted earnings per common share
 
$
0.66
 
$
0.49