Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v2.4.0.8
Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [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 and nine months ended September 30, 2014 and 2013 are as follows:
 
 
 
Three Months Ended
 
Nine Months Ended
 
(Dollars in thousands, except per share data)
 
September 30,
 
September 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
1,913
 
$
2,377
 
$
5,666
 
$
5,754
 
Weighted average common shares outstanding
 
 
2,844,167
 
 
2,843,596
 
 
2,843,988
 
 
2,842,315
 
Basic earnings per common share
 
$
0.67
 
$
0.84
 
$
1.99
 
$
2.02
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
1,913
 
$
2,377
 
$
5,666
 
$
5,754
 
Weighted average common shares outstanding
 
 
2,844,167
 
 
2,843,596
 
 
2,843,988
 
 
2,842,315
 
Add: Dilutive effect of assumed stock option exercises
 
 
-
 
 
-
 
 
-
 
 
-
 
Weighted average common and dilutive potential common shares outstanding
 
 
2,844,167
 
 
2,843,596
 
 
2,843,988
 
 
2,842,315
 
Diluted earnings per common share
 
$
0.67
 
$
0.84
 
$
1.99
 
$
2.02