XML 61 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings per Common Share (Tables)
12 Months Ended
Dec. 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 years ended December 31, 2015 and 2014 (dollars in thousands, except per share data):

 

     2015      2014  

(Numerator):

     

Net income

   $ 2,655       $ 7,631   

Effective dividend and accretion on preferred stock

     1,113         1,138   
  

 

 

    

 

 

 

Net income available to common shareholders

   $ 1,542       $ 6,493   
  

 

 

    

 

 

 

(Denominator):

     

Weighted average shares outstanding – basic

     4,910,608         4,902,389   

Potentially dilutive common shares – restricted stock units

     2,566         —     
  

 

 

    

 

 

 

Weighted average shares outstanding – diluted

     4,913,174         4,902,389   
  

 

 

    

 

 

 

Income per common share

     

Basic

   $ 0.31       $ 1.32   

Diluted

   $ 0.31       $ 1.32