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Earnings per Common Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The computations of basic earnings per common share follow:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share data)

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2015

 

2014

 

2015

 

2014

Net Income

$
2,044 

 

$
1,707 

 

$
3,007 

 

$
3,218 

Less:  Dividends on Series B preferred stock

 
88 

 

 
88 

 

 
175 

 

 
175 

     Dividends on Series C preferred stock

 
4 

 

 

 -

 

 
4 

 

 

 -

Net income available to common shareholders

$
1,952 

 

$
1,619 

 

$
2,828 

 

$
3,043 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 
4,222,704 

 

 
3,495,389 

 

 
3,986,249 

 

 
3,494,901 

Basic earnings per common share

$
0.46 

 

$
0.46 

 

$
0.71 

 

$
0.87