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Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The shares used in the calculation of basic and diluted earnings per share are shown below:
 
 
 
Three months ended
 
(Dollars in thousands, except per share amounts)
 
March 31,
 
 
 
2014
 
2013
 
Net earnings
 
$
1,699
 
$
1,440
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic (1)
 
 
3,149,090
 
 
2,922,719
 
Assumed exercise of stock options (1)
 
 
38,652
 
 
48,462
 
Weighted average common shares outstanding - diluted (1)
 
 
3,187,742
 
 
2,971,181
 
Net earnings per share (1):
 
 
 
 
 
 
 
Basic
 
$
0.54
 
$
0.47
 
Diluted
 
$
0.53
 
$
0.46
 
 
(1) Share and per share values for the period ended March 31, 2013 have been adjusted to give effect to the 5% stock dividend paid during December 2013.