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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 2. EARNINGS PER SHARE

The following is a summary of the information used in the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2014 and 2013 (dollars in thousands, except share data):

 

     Three months ended
June 30,		      Six months ended
June 30,		  
     2014      2013      2014      2013  

Net income available to common shareholders

    $ 1,067       $ 1,697       $ 1,946       $ 2,316   

Weighted average number of common shares outstanding used in computation of basic earnings per common share

      3,901,542         3,598,703         3,901,304         3,404,313   

Effect of dilutive securities:

            

Restricted stock

      44,493         19,223         44,272         18,894   

Stock options

      22,810         30,310         22,810         30,310   

Stock warrants

      193,498         193,498         193,498         193,571   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average number of common shares outstanding plus effect of dilutive securities used in computation of diluted earnings per common share

      4,162,343         3,841,734         4,161,884         3,647,088   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.27       $ 0.47       $ 0.50       $ 0.68   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 0.26       $ 0.44       $ 0.47       $ 0.64