Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v2.4.0.8
Earnings per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 7 - Earnings per Share
Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three months ended March 31, 2014 and 2013 are as follows:
 
 
 
Three Months Ended
 
(Dollars in thousands, except per share data)
 
March 31,
 
 
 
2014
 
2013
 
Basic earnings per common share:
 
 
 
 
 
 
 
Net income as reported
 
$
1,804
 
$
1,670
 
Weighted average common shares outstanding
 
 
2,843,573
 
 
2,839,985
 
Basic earnings per common share
 
$
0.63
 
$
0.59
 
Diluted earnings per common share:
 
 
 
 
 
 
 
Net income as reported
 
$
1,804
 
$
1,670
 
Weighted average common shares outstanding
 
 
2,843,573
 
 
2,839,985
 
Add: Dilutive effect of assumed stock option exercises
 
 
-
 
 
-
 
Weighted average common and dilutive potential common shares outstanding
 
 
2,843,573
 
 
2,839,985
 
Diluted earnings per common share
 
$
0.63
 
$
0.59