Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

Net Income Per Common Share [Abstract]

Computation Of Net Income Per Common Share

	Three months ended				Six months ended
	June 30,				June 30,
(dollars in thousands, except per share amounts)	2014		2013		2014		2013
Numerator:
Net income	$	1,449	$	478	$	950	$	518
Adjustment for interest expense on convertible notes (A)		-		(32)		-		(65)
Net income, as adjusted	$	1,449	$	446	$	950	$	453
Denominator:
Weighted average number of shares of common stock outstanding		7,031,041		6,940,831		7,022,983		6,934,182
Weighted average effect of dilutive stock options and other stock compensation		79,720		115,686		89,110		131,766
Weighted average effect of assumed conversion of convertible notes		-		428,888		-		428,177
Weighted average number of shares of common stock outstanding, as adjusted		7,110,761		7,485,405		7,112,093		7,494,125
Net income per common share:
Net income per common share - Basic	$	0.21	$	0.07	$	0.14	$	0.07
Net income per common share - Diluted	$	0.20	$	0.06	$	0.13	$	0.06

The adjustment for interest expense on convertible notes is net of tax.  An adjustment for interest expense on convertible notes was excluded from the income per share calculation for the three and six months ended June 30, 2014 as a result of the convertible notes being antidilutive.  For the three and six months ended June 30, 2013, the adjustment is a reduction to net income as a result of our annualized effective tax rate for 2013.