Earnings per Common Share

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Net Income	$	1,894	$	1,595	$	4,901	$	4,813
Less:  Dividends on Series B preferred stock		88		88		263		263
Dividends on Series C preferred stock		4		-		8		-
Net income available to common shareholders	$	1,802	$	1,507	$	4,630	$	4,550
Weighted average common shares outstanding		4,224,040		3,496,063		4,066,384		3,495,293
Basic earnings per common share	$	0.43	$	0.43	$	1.14	$	1.30

Mid Penn did not have dilutive securities outstanding as of September 30, 2015 and 2014.