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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Common Share [Abstract]  
Basic and Diluted Earnings Per Share

The following tables set forth the calculation of basic and diluted earnings per common share for the three-month periods ended March 31, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

2015

2014

 

 

Average

Per Share

 

Average

Per Share

(in thousands, except for per share amount)

Income

Shares

Amount

Income

Shares

Amount

Basic and Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

Net income

$

1,368 

 

 

 

$

1,358 

 

 

 

Preferred stock dividends

 

(675)

 

 

 

 

(441)

 

 

 

Discount accretion on preferred stock

 

 

 

 

 

(6)

 

 

 

Net income available to common shareholders

$

693 
6,237 

$

0.11 

$

911 
6,211 

$

0.15