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Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016 and 2015 (dollars in thousands, except per share data):

 

     For the three months ended  
     March 31,      March 31,  
     2016      2015  

(Numerator):

     

Net income

   $ 1,099       $ 544   

Effective dividend on preferred stock

     —           329   
  

 

 

    

 

 

 

Net income available to common shareholders

   $ 1,099       $ 215   
  

 

 

    

 

 

 

(Denominator):

     

Weighted average shares outstanding – basic

     4,920,315         4,906,981   

Potentially dilutive common shares – restricted stock units

     2,802         4,063   
  

 

 

    

 

 

 

Weighted average shares outstanding – diluted

     4,923,117         4,911,044   
  

 

 

    

 

 

 

Income per common share

     

Basic

   $ 0.22       $ 0.04   

Diluted

   $ 0.22       $ 0.04