Earnings Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share of Common Stock

Schedule of basic and diluted earnings per share of common stock

	For the three months ended September 30,				For the nine months ended September 30,
	2016		2015		2016		2015
	(Dollars in thousands, except per share)
Basic
Net income	$	327	$	979	$	1,279	$	3,430
Weighted average common shares outstanding	29,076,708		29,076,708		29,076,708		29,076,708
Earnings per common share - basic	$	0.01	$	0.03	$	0.04	$	0.12
Diluted
Net income	$	327	$	979	$	1,279	$	3,430
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	$	0.03	$	0.04	$	0.12