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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2017
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | NOTE 8 – Earnings Per Common Share The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three month periods ended March 31, 2017 and 2016. Dilutive common shares arise from the potentially dilutive effect of the Company’s stock options that were outstanding at March 31, 2017. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At March 31, 2017 and 2016, there were 94,070 and 97,500 options, respectively, that were not considered in computing diluted earnings per common share because they were anti-dilutive.
|  |  | Three months ended
|  | March 31,
(dollars in thousands, except share data) |  |  | 2017 |  | 2016
Numerator: |  |  |  |  |
Net income available to common shareholders |  | $ | 3,112 |  | 3,006
Denominator: |  |  |  |  |
Weighted-average common shares outstanding – basic |  |  | 6,437,231 |  | 6,272,847
Common stock equivalents |  |  | 392,359 |  | 390,585
Weighted-average common shares outstanding – diluted |  |  | 6,829,590 |  | 6,663,432
Earnings per common share: |  |  |  |  |
Basic |  | $ | 0.48 |  | 0.48
Diluted |  | $ | 0.46 |  | 0.45

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