2.4.0.8060600 - Disclosure - Earnings Per Sharetruefalsefalse1false falsefalsec20130101to20130630http://www.sec.gov/CIK0000868271duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_EarningsPerShareAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Earnings Per Share [Abstract]2false 2us-gaap_EarningsPerShareTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Note 6 - <font style="display: inline; text-decoration: underline;">Earnings Per Share</font></div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-align: justify; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 36pt; font-size: 10pt; margin-right: 0pt;"><div style="text-align: justify; font-family: ''Times New Roman'', Times, serif; font-size: 10pt;">Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding for each period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by Bancorp relate to outstanding stock options, warrants, and convertible preferred stock, and are determined using the treasury stock method.</div><div><br /></div><div style="text-align: justify; font-family: ''Times New Roman'', Times, serif; font-size: 10pt;">Not included in the diluted earnings per share calculation for the three and six month periods ended June 30, 2013 and June 30, 2012, because they were anti-dilutive, were 0 and 100,000 shares, respectively, of common stock issuable upon exercise of outstanding stock options, 556,976 shares of common stock issuable upon the exercise of a warrant and 437,500 shares of common stock issuable upon conversion of Bancorp’s Series A Preferred Stock.</div><div><br /></div><div><table cellpadding="0" cellspacing="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><tr><td valign="bottom" style="vertical-align: top;"><div> </div></td><td valign="bottom" style="vertical-align: top;"> </td><td colspan="6" valign="bottom" style="vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; font-size: 10pt;">Three Months Ended</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; vertical-align: top;"> </td><td valign="bottom" style="vertical-align: top;"> </td><td colspan="6" valign="bottom" style="vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; font-size: 10pt;">Six Months Ended</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; vertical-align: top;"> </td></tr><tr><td valign="bottom" style="padding-bottom: 2px; vertical-align: top;"><div> </div></td><td valign="bottom" style="padding-bottom: 2px; vertical-align: top;"> </td><td colspan="6" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; font-size: 10pt;">June 30,</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; padding-bottom: 2px; vertical-align: top;"> </td><td valign="bottom" style="border-bottom: #000000 2px solid; padding-bottom: 2px; vertical-align: top;"> </td><td colspan="6" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; font-size: 10pt;">June 30,</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; vertical-align: top;"> </td></tr><tr><td valign="bottom" style="padding-bottom: 2px; vertical-align: top;"><div> </div></td><td valign="bottom" style="padding-bottom: 2px; vertical-align: top;"> </td><td colspan="2" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; font-size: 10pt;">2013</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; padding-bottom: 2px; vertical-align: top;"> </td><td valign="bottom" style="border-bottom: #000000 2px solid; padding-bottom: 2px; vertical-align: top;"> </td><td colspan="2" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; font-size: 10pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; padding-bottom: 2px; vertical-align: top;"> </td><td valign="bottom" style="border-bottom: #000000 2px solid; padding-bottom: 2px; vertical-align: top;"> </td><td colspan="2" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; margin-left: 3.95pt; font-size: 10pt;">2013</div></td><td nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; padding-bottom: 2px; vertical-align: top;"> </td><td valign="bottom" style="border-bottom: #000000 2px solid; padding-bottom: 2px; vertical-align: top;"> </td><td colspan="2" valign="bottom" style="border-bottom: #000000 2px solid; vertical-align: top;"><div style="text-align: center; font-family: ''times new roman'', times, serif; font-size: 10pt;">2012</div></td><td nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; vertical-align: top;"> </td></tr><tr><td bgcolor="#cceeff" valign="bottom" style="width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: ''times new roman'', times, serif; margin-left: 7.2pt; font-size: 10pt;">Common shares – weighted average (basic)</div></td><td bgcolor="#cceeff" valign="bottom" style="width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,066,679</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,066,679</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,066,679</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,066,679</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="text-align: left; width: 1%; vertical-align: top;"> </td></tr><tr style="height: 15px;"><td bgcolor="#ffffff" valign="bottom" style="padding-bottom: 2px; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: ''times new roman'', times, serif; margin-left: 7.2pt; font-size: 10pt;">Common share equivalents – weighted average</div></td><td bgcolor="#ffffff" valign="bottom" style="padding-bottom: 2px; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">41,791</div></td><td bgcolor="#ffffff" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; padding-bottom: 2px; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; padding-bottom: 2px; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">-</div></td><td bgcolor="#ffffff" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; padding-bottom: 2px; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; padding-bottom: 2px; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">37,192</div></td><td bgcolor="#ffffff" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; padding-bottom: 2px; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; padding-bottom: 2px; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#ffffff" valign="bottom" style="border-bottom: #000000 2px solid; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">-</div></td><td bgcolor="#ffffff" nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 2px; width: 1%; vertical-align: top;"> </td></tr><tr><td bgcolor="#cceeff" valign="bottom" style="padding-bottom: 4px; width: 52%; vertical-align: top;"><div style="text-align: left; text-indent: -7.2pt; font-family: ''times new roman'', times, serif; margin-left: 7.2pt; font-size: 10pt;">Common shares – diluted</div></td><td bgcolor="#cceeff" valign="bottom" style="padding-bottom: 4px; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,108,470</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; padding-bottom: 4px; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; padding-bottom: 4px; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,066,679</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; padding-bottom: 4px; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; padding-bottom: 4px; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,103,871</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; padding-bottom: 4px; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; padding-bottom: 4px; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: top;"> </td><td bgcolor="#cceeff" valign="bottom" style="border-bottom: #000000 4px double; text-align: right; width: 9%; vertical-align: top;"><div style="font-family: ''times new roman'', times, serif; font-size: 10pt;">10,066,679</div></td><td bgcolor="#cceeff" nowrap="nowrap" valign="bottom" style="text-align: left; padding-bottom: 4px; width: 1%; vertical-align: top;"> </td></tr></table></div><div><br /></div></div></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for earnings per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 false0Earnings Per SharefalseEarnings Per ShareUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://severnbank.com/role/EarningsPerShare12