Income per Common Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The table below shows the presentation of basic and diluted income per common share for the periods ended:

	Unaudited
	Nine months ended						Three months ended
	September 30,						September 30,
(dollars in thousands, except per share data)	2012			2011			2012			2011
Net income	$	1,182		$	1,031		$	387		$	337
Preferred dividends		(471	)		(278	)		(157	)		(115	)
Net income available to common shareholders (numerator)	$	711		$	753		$	230		$	222
BASIC
Average common shares outstanding (denominator)		3,012,288			2,637,829			3,748,248			2,639,780
Basic income per common share	$	0.24		$	0.29		$	0.06		$	0.08
DILUTED
Average common shares outstanding		3,012,288			2,637,829			3,748,248			2,639,780
Diluted effect of stock options and warrants		-			-			-			-
Diluted average common shares outstanding (denominator)		3,012,288			2,637,829			3,748,248			2,639,780
Diluted income per common share	$	0.24		$	0.29		$	0.06		$	0.08
Stock options and warrants outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above		514,127			491,576			514,127			491,576