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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2016
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | Note 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 March 31, 2016 or March 31, 2015. ﻿ The following tables set forth the calculation of basic and diluted earnings per common share for the three-month periods ended March 31, 2016 and 2015: ﻿
﻿ |  |  |  |  |  |  |  |  |  |
﻿ | Three months ended March 31,
﻿ | 2016 | 2015
﻿ |  | 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 | $ | 1,871 |  |  |  | $ | 1,368 |  |  |
﻿Preferred stock dividends |  | (675) |  |  |  |  | (675) |  |  |
﻿Net income available to common shareholders | $ | 1,196 | 6,255 | $ | 0.19 | $ | 693 | 6,237 | $ | 0.11
﻿

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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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