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Earnings per Common Share | 9 Months Ended
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Sep. 30, 2018
Earnings Per Share [Abstract] |
Earnings per Common Share |
(14) | Earnings per Common Share
Earnings per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each of the periods presented. The following data show the amounts used in computing basic earnings per common share.
(Dollars in thousands, except per share data) | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2018 |  |  |  | 2017 |  |  | 2018 |  |  |  | 2017 |
Net income | $ | 2,164 |  |  | $ | 2,249 |  |  | $ | $ | 5,947 |  |  | $ | 6,588 |
Less: Dividends on Series D preferred stock |  | 38 |  |  |  | - |  |  |  |  | 38 |  |  |  | - |
Net income available to common shareholders | $ | 2,126 |  |  | $ | 2,249 |  |  |  | $ | 5,909 |  |  | $ | 6,588 |
Weighted average common shares outstanding |  | 7,695,469 |  |  |  | 4,237,965 |  |  |  |  | 6,604,027 |  |  |  | 4,236,604 |
Basic and diluted earnings per common share | $ | 0.28 |  |  | $ | 0.53 |  |  | $ | $ | 0.89 |  |  | $ | 1.56 |
Weighted average shares outstanding increased for the three and nine months ended September 30, 2018 when compared to the same periods in 2017 primarily as a result of both (i) the issuance of 1,878,827 shares of Mid Penn common stock on January 8, 2018 in connection with the Scottdale acquisition, and (ii) the issuance of 2,320,800 shares of Mid Penn common stock on July 31, 2018 in connection with the First Priority acquisition. Mid Penn had no dilutive instruments outstanding during the periods ended September 30, 2018 and 2017.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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