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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted



 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,

(dollars in thousands)

 

2016

 

2015

 

2016

 

2015

Net Income

 

$               1,738 

 

$              1,711 

 

$             3,346 

 

$             3,532 

Less: dividends paid and accrued on preferred stock

 

 -

 

 -

 

 -

 

(23)

Net income available to common shareholders

 

$               1,738 

 

$              1,711 

 

$             3,346 

 

$             3,509 



 

 

 

 

 

 

 

 

Average number of common shares outstanding

 

4,590,444 

 

4,650,153 

 

4,592,563 

 

4,653,763 

Dilutive effect of common stock equivalents

 

27,350 

 

37,048 

 

28,636 

 

37,048 

Average number of shares used to calculate diluted EPS

 

4,617,794 

 

4,687,201 

 

4,621,199 

 

4,690,811