Three Months Ended June 30,

Six Months Ended June 30,

(dollars in thousands, except per share data)

2014

2013

2014

2013

Basic earnings per common share:

Net income

$

2,098

$

1,812

$

4,085

$

1,676

Less:

Preferred stock dividends and accretion of discount

0

320

0

615

Net income available to common shareholders

$

2,098

$

1,492

$

4,085

$

1,061

Basic earnings per share

$

0.40

$

0.29

$

0.78

$

0.20

Diluted earnings per common share:

Net income

$

2,098

$

1,812

$

4,085

$

1,676

Less:

Preferred stock dividends and accretion of discount

0

320

0

615

Net income available to common shareholders

$

2,098

$

1,492

$

4,085

$

1,061

Average shares outstanding

5,233,986

Effect of dilutive stock options

0

Average shares outstanding including dilutive stock options

5,233,986

Diluted earnings per share

$

0.40

0.29

0.78

$

0.20