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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | 2.Earnings Per Common Share Basic earnings per common share is derived by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period and does not include the effect of any potentially dilutive common stock equivalents. Diluted earnings per share is derived by dividing net income available to common shareholders by the weighted-average number of shares outstanding, adjusted for the dilutive effect of outstanding common stock equivalents. There were no common stock equivalents at December 31, 2015 or December 31, 2014. The following table sets forth the calculation of basic and diluted earnings per common share for the years ended December 31, 2015 and 2014:
| 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 | $ | 10,876 |  |  |  | $ | 5,597 |  |  |
Preferred stock dividends paid |  | (2,700) |  |  |  |  | (2,595) |  |  |
Discount accretion on preferred stock |  | 0 |  |  |  |  | (6) |  |  |
Net income available to common shareholders | $ | 8,176 | 6,249 | $ | 1.31 | $ | 2,996 | 6,222 | $ | 0.48

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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