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Earnings per Common Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The computations of basic earnings per common share follow:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

2014

 

2013

 

2014

 

2013

Net Income

$
1,595 

 

$
1,488 

 

$
4,813 

 

$
3,539 

Less:  Accretion of Series A preferred stock discount

 

 -

 

 

 -

 

 

 -

 

 
14 

         Dividends on Series B preferred stock

 
88 

 

 
88 

 

 
263 

 

 
222 

Net income available to common shareholders

$
1,507 

 

$
1,400 

 

$
4,550 

 

$
3,303 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 
3,496,063 

 

 
3,492,228 

 

 
3,495,293 

 

 
3,491,651 

Basic earnings per common share

$
0.43 

 

$
0.40 

 

$
1.30 

 

$
0.95