Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Disclosures of Cash Flow Information and Non-Cash Transactions

Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2014 and 2013 are as follows:


	2014		2013
	(Dollars in Thousands)
Cash paid (refunded) during the period for:
Interest	$	2,598	$	3,052
Income taxes		52		(2,252	)
Non-cash transactions:
Foreclosed assets acquired in settlement of loans		5,518		2,396
Reissuance of treasury stock as compensation		106		131

Basic and Diluted Net Income Share Calculations

The following table reflects weighted average shares used to calculate basic and diluted net income per share for the years ended December 31, 2014 and 2013.


	Year Ended December 31,
	2014		2013
Basic shares		6,127,232		6,025,724
Dilutive shares		83,400		—

Diluted shares		6,210,632		6,025,724


	Year Ended December 31,
	2014		2013
Net income	$	3,549	$	3,927

Basic net income per share	$	0.58	$	0.65

Diluted net income per share	$	0.57	$	0.65