Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

Basic earnings per share are net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under stock options, computed using the treasury stock method.

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Basic
Net income	$	1,566	$	1,384	$	5,136	$	3,613
Preferred stock dividends and discount accretion		289		316		869		903
Net income available to common shareholders	$	1,277	$	1,068	$	4,267	$	2,710
Weighted average common shares outstanding		7,707,917		7,707,917		7,707,917		7,707,917
Basic earnings per common share	$	0.17	$	0.14	$	0.55	$	0.35
Diluted
Net income	$	1,566	$	1,384	$	5,136	$	3,613
Preferred stock dividends and discount accretion		289		316		869		903
Net income available to common shareholders	$	1,277	$	1,068	$	4,267	$	2,710
Weighted average common shares outstanding for basic earnings per common share		7,707,917		7,707,917		7,707,917		7,707,917
Add: Dilutive effects of assumed exercises of stock options and warrants		—		—		—		—
Average shares and dilutive potential common shares outstanding		7,707,917		7,707,917		7,707,917		7,707,917
Diluted earnings per common share	$	0.17	$	0.14	$	0.55	$	0.35