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4. Net Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2014

Reconciliations of the amounts used in the computation of both basic earnings per common share and diluted earnings per common share

The reconciliation of the amounts used in the computation of both “basic earnings per common share” and “diluted earnings per common share” for the three and nine months ended September 30, 2014 and 2013 is as follows:

For the three months ended September 30, 2014
	Net Earnings Available to Common Shareholders (Dollars in thousands)		Common Shares	Per Share Amount
Basic earnings per common share	$	2,442	5,617,125	$	0.43
Effect of dilutive securities:
Stock options		-	27,599
Diluted earnings per common share	$	2,442	5,644,724	$	0.43

For the nine months ended September 30, 2014
	Net Earnings Available to Common Shareholders (Dollars in thousands)		Common Shares	Per Share Amount
Basic earnings per common share	$	7,572	5,615,556	$	1.35
Effect of dilutive securities:
Stock options		-	24,173
Diluted earnings per common share	$	7,572	5,639,729	$	1.34

For the three months ended September 30, 2013
	Net Earnings Available to Common Shareholders (Dollars in thousands)		Common Shares	Per Share Amount
Basic earnings per common share	$	1,762	5,613,495	$	0.31
Effect of dilutive securities:
Stock options		-	15,180
Diluted earnings per common share	$	1,762	5,628,675	$	0.31

For the nine months ended September 30, 2013
	Net Earnings Available to Common Shareholders (Dollars in thousands)		Common Shares	Per Share Amount
Basic earnings per common share	$	4,840	5,613,495	$	0.86
Effect of dilutive securities:
Stock options		-	8,554
Diluted earnings per common share	$	4,840	5,622,049	$	0.86