Three months ended June 30,

Six months ended June 30,

(dollars in thousands, except share data)

2015

2014

2015

2014

Numerator:

Net income

$

2,560

1,566

4,588

2,816

Less: Preferred stock dividend

-

253

-

445

Net income available to common shareholders

$

2,560

1,313

4,588

2,371

Denominator:

Weighted-average common shares outstanding – basic

6,233,745

4,763,407

6,229,522

4,686,748

Common stock equivalents

299,913

273,146

294,795

270,252

Weighted-average common shares outstanding – diluted

6,533,658

5,036,553

6,524,317

4,957,000

Earnings per common share:

Basic

$

0.41

0.28

0.74

0.51

Diluted

$

0.39

0.26

0.70

0.48