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Earnings per Common Share
3 Months Ended
Mar. 31, 2015
Earnings per Common Share [Abstract]  
Earnings per Common Share

(11)Earnings per Common Share

 

Earnings per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each of the years presented.  The following data show the amounts used in computing basic and diluted earnings per share.

 

The computations of basic earnings per common share follow:

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

Three Months Ended March 31,

 

2015

 

2014

Net Income

$

963 

 

$

1,511 

Less:  Dividends on Series B preferred stock

 

87 

 

 

87 

Net income available to common shareholders

$

876 

 

$

1,424 

 

 

 

 

 

 

Weighted average common shares outstanding

 

3,747,167 

 

 

3,494,408 

Basic earnings per common share

$

0.23 

 

$

0.41 

 

Mid Penn did not have dilutive securities outstanding as of March 31, 2015 and 2014.