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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Common Stock
Preferred stock
Paid-in capital
Retained earnings
Unearned compensation - restricted stock awards
Accumulated other comprehensive income
Total shareholders' equity
Balance - Beginning, amount at Dec. 31, 2014 $ 272 $ 16,000 $ 41,077 $ 42,677 $ (313) $ 2,108 $ 101,821
Balance - Beginning, shares at Dec. 31, 2014 2,720,766            
Net income $ 2,234 2,234
Other comprehensive loss, net of tax $ (240) (240)
Common stock dividends declared $ (761) (761)
Preferred stock dividends declared $ (40) (40)
Stock options exercised, amount $ 1 $ 125 126
Stock options exercised, shares 6,750            
Issuance of common stock for executives, amount $ 29 29
Issuance of common stock for executives, shares 1,000            
Stock based compensation - restricted stock awards $ 42 42
Balance - Ending, amount at Mar. 31, 2015 $ 273 $ 16,000 $ 41,231 $ 44,110 (271) $ 1,868 103,211
Balance - Ending, shares at Mar. 31, 2015 2,728,516            
Balance - Beginning, amount at Dec. 31, 2015 $ 273 $ 41,364 47,922 $ (110) $ 1,125 90,574
Balance - Beginning, shares at Dec. 31, 2015 2,733,576            
Net income $ 1,512 1,512
Other comprehensive loss, net of tax $ (46) (46)
Common stock dividends declared $ (772) (772)
Stock options exercised, amount $ 87 87
Stock options exercised, shares 4,050            
Issuance of restricted stock awards, amount $ 2 $ 464 466
Issuance of restricted stock awards, shares 15,800            
Stock based compensation - restricted stock awards $ (419) (419)
Balance - Ending, amount at Mar. 31, 2016 $ 275 $ 41,915 $ 48,662 $ (529) $ 1,079 $ 91,402
Balance - Ending, shares at Mar. 31, 2016 2,753,426