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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Summary of earnings per share

   Three Months Ended
June 30,
 
($ and outstanding shares in thousands - except per share data)  2019   2018 
         
Distributed earnings allocated to common shares  $586   $522 
Undistributed earnings allocated to common shares   1,793    2,337 
           
Net earnings allocated to common shares   2,379    2,859 
Net earnings allocated to participating securities   5    4 
Dividends on convertible preferred shares   243    244 
           
Net Income allocated to common shares and participating securities  $2,627   $3,107 
           
Weighted average shares outstanding for basic earnings per share   6,454    6,489 
Dilutive effect of stock compensation   37    61 
Dilutive effect of convertible shares   1,476    1,453 
           
Weighted average shares outstanding for diluted earnings per share   7,967    8,003 
           
Basic earnings per common share  $0.37   $0.45 
           
Diluted earnings per common share  $0.33   $0.40 

 

   Six Months Ended
June 30,
 
($ and outstanding shares in thousands - except per share data)  2019   2018 
         
Distributed earnings allocated to common shares  $1,142   $1,008 
Undistributed earnings allocated to common shares   3,215    4,057 
           
Net earnings allocated to common shares   4,357    5,065 
Net earnings allocated to participating securities   9    7 
Dividends on convertible preferred shares   487    488 
           
Net Income allocated to common shares and participating securities  $4,853   $5,560 
           
Weighted average shares outstanding for basic earnings per share   6,469    5,935 
Dilutive effect of stock compensation   38    66 
Dilutive effect of convertible shares   1,475    1,453 
           
Weighted average shares outstanding for diluted earnings per share   7,982    7,454 
           
Basic earnings per common share  $0.68   $0.85 
           
Diluted earnings per common share  $0.61   $0.75