XML 35 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings Per Share
 6 Months Ended
Jun. 30, 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  Six Months Ended
(Dollars in thousands, except per share data)  June 30,  June 30,
   2015  2014  2015  2014
Basic Earnings Per Share            
Net income available to common shareholders  $1,431   $1,337   $3,073   $2,585 
                     
Weighted average common shares outstanding   3,285,290    3,298,432    3,287,063    3,297,397 
                     
Basic earnings per share  $0.43   $0.40   $0.93   $0.78 
                     
Diluted Earnings Per Share                    
Net income available to common shareholders  $1,431   $1,337   $3,073   $2,585 
                     
Weighted average common shares outstanding   3,285,290    3,298,432    3,287,063    3,297,397 
Plus dilutive stock options and restricted stock units   9,256    6,892    9,300    6,660 
                     
Weighted average common shares outstanding and potentially dilutive shares   3,294,546    3,305,324    3,296,363    3,304,057 
                     
Diluted earnings per share  $0.43   $0.40   $0.93   $0.78 

 

There were zero stock options as of June 30, 2015 and 28,628 as of June 30, 2014 that are considered to be anti-dilutive to earnings per share for the three-month and six-month periods ended June 30, 2015 and June 30, 2014. These stock options have been excluded from the calculation above.