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Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table presents the computation of basic and diluted earnings per share for the three months ended March 31, 2015 and 2014 (dollars in thousands, except per share data):

 

     For the three months ended  
     March 31,      March 31,  
     2015      2014  

(Numerator):

     

Net income

   $ 544       $ 1,146   

Effective dividend and accretion on preferred stock

     329         220   
  

 

 

    

 

 

 

Net income available to common shareholders

$ 215    $ 926   
  

 

 

    

 

 

 

(Denominator):

Weighted average shares outstanding – basic

  4,906,981      4,901,464   

Potentially dilutive common shares – restricted stock units

  4,063      —     
  

 

 

    

 

 

 

Weighted average shares outstanding – diluted

  4,911,044      4,901,464   
  

 

 

    

 

 

 

Income per common share

Basic

$ 0.04    $ 0.19   

Diluted

$ 0.04    $ 0.19