Earnings Per Share of Common Stock (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share of Common Stock

Schedule of basic and diluted earnings per share of common stock

	For the three months ended June 30,				For the six months ended June 30,
	2016		2015		2016		2015
	(Dollars in thousands, except per share)
Basic
Net income	$	319	$	1,153	$	952	$	2,451
Weighted average common shares outstanding	29,076,708		29,076,708		29,076,708		29,076,708
Earnings per common share - basic	$	0.01	$	0.04	$	0.03	$	0.08
Diluted
Net income	$	319	$	1,153	$	952	$	2,451
Weighted average common shares outstanding	29,076,708		29,076,708		29,076,708		29,076,708
Add: dilutive effects of assumed exercises of stock options	-		-		-		-
Weighted average common shares - fully dilutive	29,076,708		29,076,708		29,076,708		29,076,708
Earnings per common share - diluted	$	0.01	$	0.04	$	0.03	$	0.08