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Earnings Per Share | 6 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 2 – EARNINGS PER SHARE Earnings per share (EPS) have been computed based on the weighted average number of common shares outstanding during the periods presented. For the period ended June 30, 2016, share-based awards totaling 33,924 common shares were not considered in computing diluted EPS as they were anti-dilutive. For the period ended June 30, 2015, share-based awards totaling 50,424 common shares were not considered in computing diluted EPS as they were anti-dilutive. Included in the diluted EPS for June 30, 2016 are the impact of the full conversion of the Company’s depository shares issued in December of 2014. Based upon the current conversion ratio, the 1,500,000 outstanding depository shares are convertible into an aggregate of 1,453,435 common shares. The average number of common shares used in the computation of basic and diluted earnings per share were:
|  | Three Months Ended June 30, |
($ in thousands - except per share data) |  | 2016 |  |  | 2015 |
Distributed earnings allocated to common shares |  | $ | 296 |  |  | $ | 246 |
Undistributed earnings allocated to common shares |  |  | 1,723 |  |  |  | 1,499 |
Net earnings allocated to common shares |  |  | 2,019 |  |  |  | 1,745 |
Net earnings allocated to participating securities |  |  | 2 |  |  |  | 2 |
Dividends on convertible preferred shares |  |  | 244 |  |  |  | 244 |
Net Income allocated to common shares and participating securities |  | $ | 2,265 |  |  | $ | 1,991 |
Weighted average shares outstanding for basic earnings per share |  |  | 4,893 |  |  |  | 4,884 |
Dilutive effect of stock compensation |  |  | 45 |  |  |  | 47 |
Dilutive effect of convertible shares |  |  | 1,452 |  |  |  | 1,451 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,390 |  |  |  | 6,382 |
Basic earnings per common share |  | $ | 0.41 |  |  | $ | 0.36 |
Diluted earnings per common share |  | $ | 0.35 |  |  | $ | 0.31 |
|  | Six Months Ended June 30, |
($ in thousands - except per share data) |  | 2016 |  |  | 2015 |
Distributed earnings allocated to common shares |  | $ | 566 |  |  | $ | 467 |
Undistributed earnings allocated to common shares |  |  | 2,861 |  |  |  | 2,548 |
Net earnings allocated to common shares |  |  | 3,427 |  |  |  | 3,015 |
Net earnings allocated to participating securities |  |  | 5 |  |  |  | 3 |
Dividends on convertible preferred shares |  |  | 488 |  |  |  | 469 |
Net Income allocated to common shares and participating securities |  | $ | 3,920 |  |  | $ | 3,487 |
Weighted average shares outstanding for basic earnings per share |  |  | 4,894 |  |  |  | 4,882 |
Dilutive effect of stock compensation |  |  | 50 |  |  |  | 48 |
Dilutive effect of convertible shares |  |  | 1,452 |  |  |  | 1,451 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,396 |  |  |  | 6,381 |
Basic earnings per common share |  | $ | 0.70 |  |  | $ | 0.62 |
Diluted earnings per common share |  | $ | 0.61 |  |  | $ | 0.54 |

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