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Earnings per Share | 6 Months Ended
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Jun. 30, 2015
Earnings Per Share [Abstract] |
Earnings per Share |
| (10) | Earnings per Share
Basic earnings per share is computed by dividing income available to shareholders by the weighted average number of shares outstanding during the year. Diluted earnings per share gives effect to all dilutive potential shares that were outstanding during the year. The calculations of basic and diluted earnings per share are as follows for the periods indicated:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(dollars in thousands, except per share data) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to shareholders |  | $ | 1,927 |  |  | $ | 2,098 |  |  | $ | 4,065 |  |  | $ | 4,085 |
Basic earnings per share |  | $ | 0.35 |  |  | $ | 0.39 |  |  | $ | 0.75 |  |  | $ | 0.75 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to shareholders |  | $ | 1,927 |  |  | $ | 2,098 |  |  | $ | 4,065 |  |  | $ | 4,085 |
Average shares outstanding |  |  | 5,443,344 |  |  |  | 5,443,344 |  |  |  | 5,443,344 |  |  |  | 5,443,344 |
Effect of dilutive stock options |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Average shares outstanding including dilutive stock options |  |  | 5,443,344 |  |  |  | 5,443,344 |  |  |  | 5,443,344 |  |  |  | 5,443,344 |
Diluted earnings per share |  | $ | 0.35 |  |  |  | 0.39 |  |  | $ | 0.75 |  |  |  | 0.75 |
Under the treasury stock method, outstanding stock options are dilutive when the average market price of the Company’s common stock, when combined with the effect of any unamortized compensation expense, exceeds the option price during the period, except when the Company has a loss from continuing operations available to shareholders. In addition, proceeds from the assumed exercise of dilutive options along with the related tax benefit are assumed to be used to repurchase common shares at the average market price of such stock during the period. Options to purchase 66,432 shares during the three and six months ended June 30, 2015, compared to 101,330 shares during the three and six months ended June 30, 2014 were not included in the respective computations of diluted earnings per share because the exercise price of the option, when combined with the effect of the unamortized compensation expense, was greater than the average market price of the common shares and were considered anti-dilutive.

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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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