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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The computations of basic earnings per common share follow:

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

Three Months Ended March 31,

 

2013

 

2012

Net Income

$
685 

 

$
1,134 

Less:  Dividends on Series A preferred stock

 

 -

 

 
(125)

         Accretion of Series A preferred stock discount

 
(14)

 

 
(3)

         Dividends on Series B preferred stock

 
(47)

 

 

 -

Net income available to common shareholders

$
624 

 

$
1,006 

 

 

 

 

 

 

Weighted average common shares outstanding

 
3,489,729 

 

 
3,484,538 

Basic earnings per common share

$
0.18 

 

$
0.29 

 

The computations of diluted earnings per common share follow:

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

Three Months Ended March 31,

 

2013

 

2012

Net income available to common stockholders

$
624 

 

$
1,006 

Weighted average number of common shares outstanding

 
3,489,729 

 

 
3,484,538 

Dilutive effect of potential common stock arising from stock warrants:

 

 

 

 

 

    Exercise of outstanding stock warrants issued to U.S. Treasury

 

 

 

 

 

         under the Capital Repurchase Program

 

 -

 

 

 -

Adjusted weighted-average common shares outstanding

 
3,489,729 

 

 
3,484,538 

Diluted earnings per common share

$
0.18 

 

$
0.29