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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Earnings per Common Share [Abstract]  
Basic Earnings (Loss) Per Share [Table Text Block]

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

Net Income

$

4,951 

 

$

4,543 

 

$

2,748 

Less:  Dividends on preferred stock

 

(500)

 

 

(500)

 

 

(500)

         Accretion of preferred stock discount

 

(14)

 

 

(14)

 

 

(14)

Net income available to common shareholders

$

4,437 

 

$

4,029 

 

$

2,234 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

3,486,543 

 

 

3,481,414 

 

 

3,479,780 

Basic earnings per common share

$

1.27 

 

$

1.16 

 

$

0.64 

 

Diluted Earnings (Loss) Per Share [Table Text Block]

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

Net income available to common stockholders

$

4,437 

 

$

4,029 

 

$

2,234 

Weighted average number of common shares outstanding

 

3,486,543 

 

 

3,481,414 

 

 

3,479,780 

Dilutive effect of potential common stock arising from stock warrants:

 

 

 

 

 

 

 

 

    Exercise of outstanding stock warrants issued to U.S. Treasury

 

 

 

 

 

 

 

 

         under the Capital Repurchase Program

 

 -

 

 

 -

 

 

 -

Adjusted weighted-average common shares outstanding

 

3,486,543 

 

 

3,481,414 

 

 

3,479,780 

Diluted earnings per common share

$

1.27 

 

$

1.16 

 

$

0.64