Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2015

Computation of Basic and Diluted Earnings Per Share

The following table presents the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands, except per share data):


	For the three months ended				For the nine months ended
	September 30, 2015		September 30, 2014		September 30, 2015		September 30, 2014
(Numerator):
Net income	$	726	$	1,247	$	1,714	$	3,935
Effective dividend and accretion on preferred stock		328		329		985		810

Net income available to common shareholders	$	398	$	918	$	729	$	3,125


(Denominator):
Weighted average shares outstanding – basic		4,911,604		4,902,716		4,909,470		4,901,931
Potentially dilutive common shares – restricted stock units		1,857		—		2,481		—

Weighted average shares outstanding – diluted		4,913,461		4,902,716		4,911,951		4,901,931


Income per common share
Basic	$	0.08	$	0.19	$	0.15	$	0.64
Diluted	$	0.08	$	0.19	$	0.15	$	0.64