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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share and Reconciliation of Earnings Per Share Basic and Diluted
The calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share were as follows:

 
 
Three Months Ended
 
Six Months Ended
(Dollars in thousands, except per share data)
 
June 30
 
June 30
 
 
2012
 
2011
 
2012
 
2011
Net income
 
$
1,753

 
$
1,106

 
$
3,360

 
$
2,056

Preferred dividends
 
471

 
440

 
934

 
872

Net income attributable to common stock
 
1,282

 
666

 
2,426

 
1,184

Net income allocated to common stockholders:
 
 

 
 

 
 

 
 

Distributed
 
92

 
93

 
184

 
185

Undistributed
 
1,134

 
568

 
2,181

 
991

 
 
$
1,226

 
$
661

 
$
2,365

 
$
1,176

Weighted-average basic common and participating shares outstanding
 
9,596,919

 
9,178,201

 
9,399,697

 
9,173,888

Less: weighted average participating restricted shares outstanding
 
432,343

 
59,934

 
239,171

 
60,182

Weighted-average basic shares outstanding
 
9,164,576

 
9,118,267

 
9,160,526

 
9,113,706

Basic net income per share
 
0.14

 
0.07

 
0.26

 
0.13

Weighted-average basic common and participating shares outstanding
 
9,596,919

 
9,178,201

 
9,399,697

 
9,173,888

Add: share-based options and stock warrant
 

 

 

 

 
 
9,596,919

 
9,178,201

 
9,399,697

 
9,173,888

Less: weighted average participating restricted shares outstanding
 
432,343

 
59,934

 
239,171

 
60,182

Weighted-average dilutive shares outstanding
 
9,164,576

 
9,118,267

 
9,160,526

 
9,113,706

Dilutive net income per share
 
0.14

 
0.07

 
0.26

 
0.13

Weighted-average shares of potentially dilutive instruments that are not included in the dilutive share calculation due to anti-dilutive effect:
 
 

 
 

 
 

 
 

Compensation plan-related stock options
 
29,714

 
32,848

 
31,657

 
32,625

Common stock warrant
 
513,113

 
513,113

 
513,113

 
513,113