Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The reconciliation between basic and diluted earnings per share is presented as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Basic EPS	(Dollars in thousands, except per share data)
Net income	$	2,261	$	2,023	$	4,108	$	3,629
Less:
Preferred stock dividend and accretion	—		—		—		35
Income allocated to participating securities	2		8		6		16
Net income allocated to common shareholders	$	2,259	$	2,015	$	4,102	$	3,578
Average common shares outstanding	9,660,490		9,664,972		9,659,789		9,666,626
Less: participating shares included in average common shares outstanding	10,000		38,552		14,574		45,820
Average common shares outstanding used in basic EPS	9,650,490		9,626,420		9,645,215		9,620,806
Basic net income per common share	$	0.23	$	0.21	$	0.43	$	0.37
Diluted EPS:
Income used in diluted earnings per share calculation	$	2,259	$	2,015	$	4,102	$	3,578
Average common shares outstanding	9,650,490		9,626,420		9,645,215		9,620,806
Add: Common Stock equivalents
Stock Options	101,335		17,472		96,345		17,008
Average common stock shares outstanding	9,751,825		9,643,892		9,741,560		9,637,814
Diluted earnings per common share	$	0.23	$	0.21	$	0.42	$	0.37