Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.2.0.727
Earnings per Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 9 - 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 and six months ended June 30, 2015 and 2014 are as follows:
 
 
 
Three Months Ended
 
Six Months Ended
 
(Dollars in thousands, except per share data)
 
June 30,
 
June 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
1,976
 
$
1,949
 
$
3,903
 
$
3,753
 
Weighted average common shares outstanding
 
 
2,851,417
 
 
2,844,218
 
 
2,850,175
 
 
2,843,897
 
Basic earnings per common share
 
$
0.69
 
$
0.69
 
$
1.37
 
$
1.32
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
1,976
 
$
1,949
 
$
3,903
 
$
3,753
 
Weighted average common shares outstanding
 
 
2,851,417
 
 
2,844,218
 
 
2,850,175
 
 
2,843,897
 
Add: Dilutive effect of assumed stock option exercises
 
 
-
 
 
-
 
 
-
 
 
-
 
Weighted average common and dilutive potential common shares outstanding
 
 
2,851,417
 
 
2,844,218
 
 
2,850,175
 
 
2,843,897
 
Diluted earnings per common share
 
$
0.69
 
$
0.69
 
$
1.37
 
$
1.32