Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Computations of Earnings per Common Share

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

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2017		2016		2017		2016
Net income	$	3,106	$	2,896	$	9,355	$	8,828
Less allocation of earnings and dividends to participating securities	2		—		6		—
Net income allocated to common shareholders	$	3,104	$	2,896	$	9,349	$	8,828
Weighted average common shares outstanding, gross	10,014,840		9,962,571		10,008,845		9,930,182
Less average participating securities	6,033		—		6,033		—
Weighted average number of shares outstanding used in the calculation of basic earnings per common share	10,008,807		9,962,571		10,002,812		9,930,182
Add dilutive effect of:
Stock options	6,397		10,052		7,130		15,360
Stock warrants	—		—		—		22,093
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	10,015,204		9,972,623		10,009,942		9,967,635
Earnings per common share:
Basic	$	0.31	$	0.29	$	0.93	$	0.89
Diluted	0.31		0.29		0.93		0.88