Outstanding Shares and Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Outstanding Shares and Earnings Per Share [Abstract]

Earnings Per Share

Basic and diluted earnings per share for the years ended December 31, were computed as follows:

	(in thousands, except per share amounts)
	2014			2013			2012
Basic  earnings per share:
Net income	$	5,870		$	5,384		$	4,646
Preferred stock dividend		(129	)		(677	)		(1,139	)
Net income available to common shareholders	$	5,741		$	4,707		$	3,507
Weighted average common shares outstanding		10,117,006			10,088,802			10,060,724
Basic earnings per share	$	0.57		$	0.47		$	0.35
Diluted earnings per share:
Net income	$	5,870		$	5,384		$	4,646
Preferred stock dividend		(129	)		(677	)		(1,139	)
Net income available to common shareholders	$	5,741		$	4,707		$	3,507
Net (loss) income available to common shareholders
Weighted average common shares outstanding		10,117,006			10,088,802			10,060,724
Effect of dilutive shares		52,830			38,543			27,454
Adjusted weighted average common shares outstanding		10,169,836			10,127,345			10,088,178
Diluted earnings per share	$	0.56		$	0.46		$	0.35