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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
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, 2015 and 2014 are as follows:

 

 

 

2015

 

 

2014

 

 

 

(Dollars in Thousands)

 

Cash paid during the period for:

 

 

 

 

 

 

 

 

Interest

 

$

2,330

 

 

$

2,598

 

Income taxes

 

 

63

 

 

 

52

 

Non-cash transactions:

 

 

 

 

 

 

 

 

Repossessed and foreclosed assets acquired in settlement  of loans

 

 

3,177

 

 

 

5,518

 

Reissuance of treasury stock as compensation

 

 

69

 

 

 

106

 

 
Summary of Basic and Diluted Net Income Per 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, 2015 and 2014.

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

Basic shares

 

 

6,137,704

 

 

 

6,127,232

 

Dilutive shares

 

 

175,550

 

 

 

83,400

 

Diluted shares

 

 

6,313,254

 

 

 

6,210,632

 

 

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

 

(Dollars in Thousands,

Except Per Share Data)

 

Net income

 

$

2,595

 

 

$

3,549

 

Basic net income per share

 

$

0.42

 

 

$

0.58

 

Diluted net income per share

 

$

0.41

 

 

$

0.57