Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v2.4.1.9
Earnings per Share
 3 Months Ended
Mar. 31, 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 months ended March 31, 2015 and 2014 are as follows:
 
 
 
Three Months Ended
 
(Dollars in thousands, except per share data)
 
March 31,
 
 
 
2015
 
 
2014
 
Basic earnings per common share:
 
 
 
 
 
 
Net income as reported
 
$
1,927
 
 
$
1,804
 
Weighted average common shares outstanding
 
 
2,848,920
 
 
 
2,843,573
 
Basic earnings per common share
 
$
0.68
 
 
$
0.63
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income as reported
 
$
1,927
 
 
$
1,804
 
Weighted average common shares outstanding
 
 
2,848,920
 
 
 
2,843,573
 
Add:  Dilutive effect of assumed stock option exercises
 
 
-
 
 
 
-
 
Weighted average common and dilutive potential common shares outstanding
 
 
2,848,920
 
 
 
2,843,573
 
Diluted earnings per common share
 
$
0.68
 
 
$
0.63