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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share  
Schedule of reconciliation of basic and diluted earnings per share computations

 

 

 

Quarter ended June 30, 2014

 

Quarter ended June 30, 2013

 

 

 

Income

 

Weighted
Average
Shares

 

Per Share
Amount

 

Income

 

Weighted-
Average
Shares

 

Per Share
Amount

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

733

 

 

 

 

 

$

788

 

 

 

 

 

Less: Dividends and accretion on preferred stock

 

(127

)

 

 

 

 

(176

)

 

 

 

 

Net income available to common shareholders

 

$

606

 

1,968,777

 

$

0.31

 

$

612

 

1,968,777

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible preferred stock

 

—

 

—

 

 

 

—

 

—

 

 

 

Stock options

 

—

 

—

 

 

 

—

 

—

 

 

 

Warrants

 

—

 

130,338

 

 

 

—

 

106,091

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders and assumed conversions

 

$

606

 

2,099,115

 

$

0.29

 

$

612

 

2,074,868

 

$

0.30

 

 

 

 

Six months ended June 30,
2014

 

Six months ended June 30,
2013

 

 

 

Income

 

Weighted
Average
Shares

 

Per Share
Amount

 

Income

 

Weighted-
Average
Shares

 

Per Share
Amount

 

Basic earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,424

 

 

 

 

 

$

903

 

 

 

 

 

Less: Dividends and accretion on preferred stock

 

(259

)

 

 

 

 

(393

)

 

 

 

 

Net income available to common shareholders

 

$

1,165

 

1,968,777

 

$

0.59

 

$

510

 

1,968,777

 

$

0.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible preferred stock

 

—

 

—

 

 

 

—

 

—

 

 

 

Stock options

 

—

 

—

 

 

 

—

 

—

 

 

 

Warrants

 

—

 

125,995

 

 

 

—

 

109,350

 

 

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders and assumed conversions

 

$

1,165

 

2,094,772

 

$

0.56

 

$

510

 

2,078,127

 

$

0.25