Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The reconciliation between basic and diluted earnings per share is presented as follows:

	Three Months Ended March 31,
	2015		2014
Basic EPS	(Dollars in thousands, except per share data)
Net income	$	1,847	$	1,606
Less:
Preferred stock dividend and accretion	—		35
Income allocated to participating securities	4		6
Net income allocated to common shareholders	$	1,843	$	1,565
Average common shares outstanding	9,659,079		9,668,297
Less: participating shares included in average common shares outstanding	19,199		53,169
Average common shares outstanding used in basic EPS	9,639,880		9,615,128
Basic net income per common share	$	0.19	$	0.16
Diluted EPS:
Income used in diluted earnings per share calculation	$	1,843	$	1,565
Average common shares outstanding	9,639,880		9,615,128
Add: Common Stock equivalents
Stock Options	98,714		37,135
Average common stock shares outstanding	9,738,594		9,652,263
Diluted earnings per common share	$	0.19	$	0.16