Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Computations of Earnings per Common Share

Earnings per share for the three months ended March 31, 2018 and 2017 were calculated as follows (dollars in thousands, except share and per share data):

	For the Three Months Ended March 31,
	2018		2017
Net income	$	2,713	$	3,246
Less allocation of earnings and dividends to participating securities	4		2
Net income allocated to common shareholders	$	2,709	$	3,244
Weighted average common shares outstanding, gross	10,035,871		10,001,087
Less average participating securities	15,260		6,033
Weighted average number of shares outstanding used in the calculation of basic earnings per common share	10,020,611		9,995,054
Add dilutive effect of:
Stock options	7,977		7,824
Stock warrants	—		—
Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	10,028,588		10,002,878
Earnings per common share:
Basic	$	0.27	$	0.32
Diluted	0.27		0.32