Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computations of Earnings per Common Share

the three months ended March 31, 2017 and 2016 were calculated as follows (dollars in thousands, except share and per share data):

	For the Three Months Ended March 31,
	2017		2016
Net income	$	3,246	$	2,964
Less allocation of earnings and dividends to participating securities	2		—
Net income allocated to common shareholders	$	3,244	$	2,964
Weighted average common shares outstanding, gross	10,001,087		9,916,114
Less average participating securities	6,033		—
Weighted average number of shares outstanding used in the calculation of basic earnings per common share	9,995,054		9,916,114
Add dilutive effect of:
Stock options	7,824		17,225
Stock warrants	—		63,487
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	10,002,878		9,996,826
Earnings per common share:
Basic	$	0.32	$	0.30
Diluted	0.32		0.30