Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2013

Disclosure Earning Per Share Additional Information [Abstract]

Earnings (Loss) Per Common Share

Earnings Per Common Share

Basic earnings per share are computed by dividing income available to common shareholders by the weighted average number of shares outstanding during the year. Diluted earnings per share is computed based on the weighted average number of shares outstanding plus the effects of dilutive stock options and warrants outstanding during the year. Basic and diluted earnings per share are calculated as follows:

	Year Ended December 31,
	2013		2012		2011
	(Dollars in thousands except per share amounts)
Weighted average shares outstanding used in Basic Earnings per Common Share	9,050,901		7,939,433		7,880,249
Dilutive effect of stock options	19,989		4,485		—
Weighted average shares outstanding used in Diluted Earnings Per Common Share	9,070,890		7,943,918		7,880,249
Net Income	$	6,161	$	6,107	$	5,003
Preferred stock dividend and accretion	646		1,266		1,276
Income Available to Common Shareholders	$	5,515	$	4,841	$	3,727
Basic Earnings Per Common Share	$	0.61	$	0.61	$	0.47
Diluted Earnings Per Common Share	$	0.61	$	0.61	$	0.47

Stock options totaling 172,000, 194,500 and 197,000 shares were not included in the computation of diluted earnings per share in the years ended December 31, 2013, 2012 and 2011, respectively, because they were considered antidilutive.