Income per Common Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 9: Income per Common Share

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

	Six months ended				Three months ended
	June 30,				June 30,
(dollars in thousands, except per share data)	2015		2014		2015		2014
Net income	$	1,440	$	1,003	$	791	$	737
Preferred stock dividends		(63)		(63)		(31)		(32)
Net income available to common shareholders (numerator)	$	1,377	$	940	$	760	$	705
BASIC
Basic average common shares outstanding (denominator)		4,478,972		4,051,388		4,841,538		4,056,174
Basic income  per common share	$	0.31	$	0.23	$	0.16	$	0.17
DILUTED
Average common shares outstanding		4,478,972		4,051,388		4,841,538		4,056,174
Dilutive effect of common stock equivalents		114,420		57,500		118,919		66,722
Diluted average common shares outstanding (denominator)		4,593,392		4,108,888		4,960,457		4,122,896
Diluted income per common share	$	0.30	$	0.23	$	0.15	$	0.17
Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above		77,690		474,971		77,690		474,971