4. Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Computations Of Basic And Diluted Earnings Per Share

The computations of basic and diluted earnings per share follow:

	For the Three Months Ended September 30,
	2013							2012
				Common							Common
Dollars in thousands,	Income			Shares		Per		Income			Shares		Per
except per share amounts	(Numerator)			(Denominator)		Share		(Numerator)			(Denominator)		Share
Net income	$	2,272						$	997
Less preferred stock dividends		(194	)						(194	)
Basic EPS	$	2,078			7,443,865	$	0.28	$	803			7,425,472	$	0.11
Effect of dilutive securities:
Stock options		-			7,819				-			1,261
Series 2011 convertible
preferred stock		120			1,495,728				120			1,500,000
Series 2009 convertible
preferred stock		74			674,545				74			674,545
Diluted EPS	$	2,272			9,621,957	$	0.24	$	997			9,601,278	$	0.10

	For the Nine Months Ended September 30,
	2013							2012
				Common							Common
Dollars in thousands,	Income			Shares		Per		Income			Shares		Per
except per share amounts	(Numerator)			(Denominator)		Share		(Numerator)			(Denominator)		Share
Net income	$	5,282						$	3,608
Less preferred stock dividends		(582	)						(583	)
Basic EPS	$	4,700			7,438,216	$	0.63	$	3,025			7,425,472	$	0.41
Effect of dilutive securities:
Stock options		-			7,316				-			1,081
Series 2011 convertible
preferred stock		359			1,498,251				360			1,500,000
Series 2009 convertible
preferred stock		223			674,545				223			674,545
Diluted EPS	$	5,282			9,618,328	$	0.55	$	3,608			9,601,098	$	0.38