Note 12 - Earnings per Common Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

(12) Earnings per Common Share

The following table reconciles the weighted average shares outstanding and the earnings available to common shareholders used for basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands, except per share data)	2015		2014		2015		2014
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,142		4,067		4,118		4,053
Net dilutive effect of:
Options		505		520		514		499
Restricted stock awards		26		62		40		57
Weighted average number of shares outstanding adjusted for effect of dilutive securities		4,673		4,649		4,672		4,609
Income available to common shareholders	$	820		1,178		1,758		4,283
Basic earnings per common share	$	0.20		0.29		0.43		1.06
Diluted earnings per common share	$	0.18		0.25		0.38		0.93