Earnings Per Common Share

3 Months Ended

Mar. 31, 2016

Earnings Per Common Share [Abstract]

Earnings Per Common Share

NOTE 6 – Earnings Per Common Share

The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three month periods ended March 31, 2016 and 2015. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at March 31, 2016. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2016 and 2015, there were 97,500 and 170,875 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.

	Three months ended
	March 31,
(dollars in thousands, except share data)	2016		2015
Numerator:
Net income available to common shareholders	$	3,006	2,028
Denominator:
Weighted-average common shares outstanding – basic		6,272,847	6,225,252
Common stock equivalents		390,585	289,621
Weighted-average common shares outstanding – diluted		6,663,432	6,514,873
Earnings per common share:
Basic	$	0.48	0.33
Diluted	$	0.45	0.31