XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2017
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. Included in the diluted EPS for March 31, 2017 are the impact of the full conversion of the Company’s depositary shares. Based upon the current conversion price of $10.2905, the 1,500,000 outstanding depositary shares are convertible into an aggregate of 1,457,662 common shares. For the three month period ended March 31, 2016, share-based awards totaling 35,424 common shares were not considered in computing diluted EPS as they were anti-dilutive. There were no anti-dilutive shares in 2017. The average number of common shares used in the computation of basic and diluted earnings per share were:
|  | Three Months Ended Mar. 31, |
($ in thousands - except per share data) |  | 2017 |  |  | 2016 |
Distributed earnings allocated to common shares |  | $ | 319 |  |  | $ | 271 |
Undistributed earnings allocated to common shares |  |  | 1,427 |  |  |  | 1,138 |
Net earnings allocated to common shares |  |  | 1,746 |  |  |  | 1,409 |
Net earnings allocated to participating securities |  |  | 3 |  |  |  | 2 |
Dividends on convertible preferred shares |  |  | 244 |  |  |  | 244 |
Net Income allocated to common shares and participating securities |  | $ | 1,993 |  |  | $ | 1,655 |
Weighted average shares outstanding for basic earnings per share |  |  | 4,855 |  |  |  | 4,896 |
Dilutive effect of stock compensation |  |  | 74 |  |  |  | 53 |
Dilutive effect of convertible shares |  |  | 1,458 |  |  |  | 1,452 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,387 |  |  |  | 6,401 |
Basic earnings per common share |  | $ | 0.36 |  |  | $ | 0.29 |
Diluted earnings per common share |  | $ | 0.31 |  |  | $ | 0.26 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration