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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share have been computed based on weighted-average common and common equivalent shares outstanding as follows:









 

 

 

 

 

 

 



 

 

Years Ended



 

 

December 31,

(dollars in thousands)

 

 

2016

 

2015

 

2014

Net Income

 

 

$             7,331 

 

$             6,343 

 

$             6,490 

Less: dividends paid and accrued on preferred stock

 

 

 -

 

(23)

 

(200)

Net income available to common shareholders

 

 

$             7,331 

 

$             6,320 

 

$             6,290 



 

 

 

 

 

 

 

Average number of common shares outstanding

 

 

4,599,502 

 

4,676,748 

 

4,646,424 

Dilutive effect of common stock equivalents

 

 

 -

 

 -

 

8,703 

Average number of shares used to calculate diluted EPS

 

 

4,599,502 

 

4,676,748 

 

4,655,127