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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Dividends on preferred shares are deducted from net income in the calculation of earnings per common share.
 
 
Three months ended
September 30,
Nine months ended
September 30,
2016
2015
2016
2015
(In thousands, except per share data)
Numerator:
Net income
$
1,065
$
1,833
$
1,160
$
4,623
Preferred stock dividends
(52
)
(15
)
(157
)
Net income available to common shareholders
$
1,065
$
1,781
$
1,145
$
4,466
Denominator:
Weighted average common shares outstanding (basic)
18,899
18,869
18,893
18,860
Effect of stock options
58
82
54
68
Weighted average common shares outstanding (diluted)
18,957
18,951
18,947
18,928
Earnings per common share:
Basic
$
0.06
$
0.09
$
0.06
$
0.24
Diluted
0.06
0.09
0.06
0.24