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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 4 - EARNINGS PER SHARE

 

Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows:

 

   Three Months Ended
(Dollars in thousands, except per share data)  March 31,
   2015  2014
Basic Earnings Per Share      
  Net income available to common          
    shareholders  $1,642   $1,248 
           
  Weighted average common shares outstanding   3,297,022    3,296,350 
           
  Basic earnings per share  $0.50   $0.38 
           
Diluted Earnings Per Share          
  Net income available to common          
    shareholders  $1,642   $1,248 
           
  Weighted average common shares outstanding   3,297,022    3,296,350 
  Plus dilutive stock options and restricted stock units   11,913    6,458 
           
  Weighted average common shares outstanding          
    and potentially dilutive shares   3,308,935    3,302,808 
           
  Diluted earnings per share  $0.50   $0.38 

There were 16,250 stock options as of March 31, 2015 and 28,625 as of March 31, 2014 that are considered to be anti-dilutive to earnings per share for the three-month periods ended March 31, 2015 and March 31, 2014. These stock options have been excluded from the calculation above.