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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2016
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 nine- and three-month periods ended September 30, 2016 and 2015:





 

 

 

 

 

 

 

 

 

 



Nine months ended September 30,



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

$

5,860 

 

 

 

$

4,491 

 

 

 

Preferred stock dividends

 

(1,575)

 

 

 

 

(2,025)

 

 

 

Net income available to common shareholders

$

4,285  6,263 

$

0.68 

$

2,466  6,247 

$

0.39 



















 

 

 

 

 

 

 

 

 

 



Three months ended September 30,



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

$

2,285 

 

 

 

$

1,948 

 

 

 

Preferred stock dividends

 

(450)

 

 

 

 

(675)

 

 

 

Net income available to common shareholders

$

1,835  6,269 

$

0.29 

$

1,273  6,255 

$

0.20