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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Summary of earnings per share

 
Three Months Ended Jun., 30 
($ in thousands - except per share data) 2017  2016 
       
Distributed earnings allocated to common shares $344  $296 
Undistributed earnings allocated to common shares  1,727   1,723 
         
Net earnings allocated to common shares  2,071   2,019 
Net earnings allocated to participating securities  2   2 
Dividends on convertible preferred shares  244   244 
         
Net Income allocated to common shares and participating securities $2,317  $2,265 
         
Weighted average shares outstanding for basic earnings per share  4,827   4,893 
Dilutive effect of stock compensation  65   45 
Dilutive effect of convertible shares  1,459   1,452 
         
Weighted average shares outstanding for diluted earnings per share  6,351   6,390 
         
Basic earnings per common share $0.43  $0.41 
         
Diluted earnings per common share $0.36  $0.35 

 

  Six Months Ended Jun., 30 
($ in thousands - except per share data) 2017  2016 
       
Distributed earnings allocated to common shares $663  $566 
Undistributed earnings allocated to common shares  3,153   2,861 
         
Net earnings allocated to common shares  3,816   3,427 
Net earnings allocated to participating securities  6   5 
Dividends on convertible preferred shares  488   488 
         
Net Income allocated to common shares and participating securities $4,310  $3,920 
         
Weighted average shares outstanding for basic earnings per share  4,839   4,894 
Dilutive effect of stock compensation  69   50 
Dilutive effect of convertible shares  1,458   1,452 
         
Weighted average shares outstanding for diluted earnings per share  6,366   6,396 
         
Basic earnings per common share $0.79  $0.70 
         
Diluted earnings per common share $0.68  $0.61