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Earnings per Common Share (Tables)
12 Months Ended
Dec. 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 years ended December 31, 2016 and 2015 (dollars in thousands, except per share data):

 

     2016      2015  

(Numerator):

     

Net income

   $ 5,907      $ 2,655  

Effective dividend on preferred stock

     —          1,113  
  

 

 

    

 

 

 

Net income available to common shareholders

   $ 5,907      $ 1,542  
  

 

 

    

 

 

 

(Denominator):

     

Weighted average shares outstanding – basic

     4,924,636        4,910,608  

Potentially dilutive common shares – restricted stock units

     3,548        2,566  
  

 

 

    

 

 

 

Weighted average shares outstanding – diluted

     4,928,184        4,913,174  
  

 

 

    

 

 

 

Income per common share

     

Basic

   $ 1.20      $ 0.31  

Diluted

   $ 1.20      $ 0.31