Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2013
Risks and Uncertainties [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three months ended March 31, 2013 and 2012 are as follows:

 

    Three Months Ended  
(Dollars in thousands, except per share data)   March 31,  
    2013     2012  
Basic earnings per common share:            
Net income as reported   $ 1,670     $ 1,354  
Weighted average common shares outstanding     2,839,985       2,837,022  
Basic earnings per common share   $ 0.59     $ 0.48  
Diluted earnings per common share:                
Net income as reported   $ 1,670     $ 1,354  
Weighted average common shares outstanding     2,839,985       2,837,022  
Add: Dilutive effect of assumed stock option exercises     -       -  
Weighted average common and dilutive potential common shares outstanding     2,839,985       2,837,022  
Diluted earnings per common share   $ 0.59     $ 0.48