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Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

Note 21: Earnings Per Share

 

Earnings per share (EPS) for the years ended December 31, 2014 and 2013 is computed as follows:

 

      Twelve Months Ended  
      December 31,  
  ($ in thousands, except per share data)   2014     2013  
  Basic            
  Net Income   $ 5,263     $ 5,205  
  Preferred stock dividends     -       -  
  Net income available to common shareholders – basic     5,263       5,205  
                   
  Weighted average common shares outstanding - basic     4,874       4,870  
                   
  Basic earnings per common share   $ 1.08     $ 1.07  
                   
  Diluted                
  Net income available to common shareholders – basic   $ 5,263     $ 5,205  
  Preferred share dividends on convertible preferred shares     -       -  
  Net income available to common shareholders - diluted     5,263       5,205  
                   
  Weighted average common shares outstanding - basic     4,874       4,870  
  Add: Dilutive effect of options outstanding and unexercised     22       12  
  Add: Dilutive effect of non-vested restricted shares     10       -  
  Add: Dilutive effect of convertible preferred shares     36       -  
  Average shares and dilutive potential common shares outstanding - diluted     4,942       4,882  

 

Shares subject to issue upon exercise of options of 171,470 in 2014 and 139,420 in 2013 at prices of $6.66 to $14.15 were excluded from the diluted earnings per common share calculation as they were anti-dilutive.