Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Computations of Earnings per Common Share

Earnings per share for the three and six months ended June 30, 2017 and 2016 were calculated as follows (dollars in thousands, except share and per share data):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2017		2016		2017		2016
Net income	$	3,003	$	2,968	$	6,249	$	5,932
Less allocation of earnings and dividends to participating securities	2		—		4		—
Net income allocated to common shareholders	$	3,001	$	2,968	$	6,245	$	5,932
Weighted average common shares outstanding, gross	10,010,455		9,922,024		10,005,798		9,919,070
Less average participating securities	6,033		—		6,033		—
Weighted average number of shares outstanding used in the calculation of basic earnings per common share	10,004,422		9,922,024		9,999,765		9,919,070
Add dilutive effect of:
Stock options	6,890		18,299		7,427		17,767
Stock warrants	—		—		—		32,465
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	10,011,312		9,940,323		10,007,192		9,969,302
Earnings per common share:
Basic	$	0.30	$	0.30	$	0.62	$	0.60
Diluted	0.30		0.29		0.62		0.59