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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2016
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:
 
(Dollars in thousands, except per share amounts)
 
September 30
 
September 30
 
 
 
2016
 
2015
 
2016
 
2015
 
Net earnings
 
$
2,094
 
$
2,529
 
$
6,616
 
$
7,922
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic (1)
 
 
3,645,618
 
 
3,506,440
 
 
3,605,509
 
 
3,504,487
 
Assumed exercise of stock options (1)
 
 
69,165
 
 
115,397
 
 
67,129
 
 
101,674
 
Weighted average common shares outstanding - diluted (1)
 
 
3,714,783
 
 
3,621,837
 
 
3,672,638
 
 
3,611,251
 
Net earnings per share (1):
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.57
 
$
0.72
 
$
1.83
 
$
2.26
 
Diluted
 
$
0.56
 
$
0.70
 
$
1.80
 
$
2.19
 
 
(1) Share and per share values for the periods ended September 30, 2015 have been adjusted to give effect to the 5% stock dividend paid during December 2015.