Three months ended

Six months ended

June 30,

(dollars in thousands, except per share data – unaudited)

2014

2013

2014

2013

Net income

$

1,403

$

1,561

$

2,853

$

3,170

Weighted average shares outstanding

1,658,157

1,651,664

1,658,087

1,653,901

Effect of dilutive stock options outstanding

—

Diluted weighted average shares outstanding

1,658,157

1,651,664

1,658,087

1,653,901

Basic earnings per share

$

0.85

$

0.95

$

1.72

$

1.92

Diluted earnings per share

$

0.85

$

0.95

$

1.72

$

1.92