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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2014
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,

 

2014

 

2013

Net Income

$
1,511 

 

$
685 

Less:  Accretion of Series A preferred stock discount

 

 -

 

 
(14)

         Dividends on Series B preferred stock

 
(87)

 

 
(47)

Net income available to common shareholders

$
1,424 

 

$
624 

 

 

 

 

 

 

Weighted average common shares outstanding

 
3,494,408 

 

 
3,489,729 

Basic earnings per common share

$
0.41 

 

$
0.18