Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Common Share [Abstract]

Basic and Diluted Earnings Per Share

The following table sets forth the calculation of basic and diluted earnings per common share for the nine- and three-month periods ended September 30, 2014 and 2013:

	Nine Months Ended September 30,
	2014					2013
			Average	Per Share				Average	Per Share
(in thousands, except for per share amount)	Income		Shares	Amount		Income		Shares	Amount
Basic and Diluted Earnings Per Share:
Net income	$	3,938				$	5,600
Preferred stock dividends		(1,919)					(1,274)
Discount accretion on preferred stock		(6)					(52)
Net income available to common shareholders	$	2,013	6,220	$	0.32	$	4,274	6,206	$	0.69

	Three Months Ended September 30,
	2014					2013
			Average	Per Share				Average	Per Share
(in thousands, except for per share amount)	Income		Shares	Amount		Income		Shares	Amount
Basic and Diluted Earnings Per Share:
Net income	$	1,340				$	1,836
Preferred stock dividends deferred		(675)					(430)
Discount accretion on preferred stock		0					(18)
Net income available to common shareholders	$	665	6,228	$	0.10	$	1,388	6,211	$	0.22