Earnings per Common Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings per Common Share

(12) Earnings per Common Share

Earnings per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each of the years presented.  The following data show the amounts used in computing basic earnings per common share.

The computations of basic earnings per common share follow:

(Dollars in thousands, except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Net Income	$	1,901	$	1,894	$	5,728	$	4,901
Less:  Dividends on Series B preferred stock		-		88		-		263
Dividends on Series C preferred stock		-		4		-		8
Net income available to common shareholders	$	1,901	$	1,802	$	5,728	$	4,630
Weighted average common shares outstanding		4,230,181		4,224,040		4,228,308		4,066,384
Basic earnings per common share	$	0.45	$	0.43	$	1.35	$	1.14

Mid Penn had no dilutive instruments outstanding during the periods ended September 30, 2016 and 2015.