Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The reconciliation between basic and diluted earnings per share is presented as follows(Dollars in thousands, except per share data) :

	Three Months Ended
	March 31, 2014		March 31, 2013
Basic EPS
Net income	$	1,606	$	1,113
Less:
Preferred stock dividend and accretion	35		257
Income allocated to participating securities	6		11
Net income allocated to common shareholders	$	1,565	$	845
Average common shares outstanding	9,668,297		8,201,120
Less: participating shares included in average common shares outstanding	53,169		117,031
Average common shares outstanding used in basic EPS	9,615,128		8,084,089
Basic net income per common share	$	0.16	$	0.10
Diluted EPS:
Income used in diluted earnings per share calculation	$	1,565	$	845
Average common shares outstanding	9,668,297		8,201,120
Add: Common Stock equivalents:
Stock Options	37,135		10,918
Average common stock shares outstanding	9,705,432		8,212,038
Diluted earnings per common share	$	0.16	$	0.10