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Earnings Per Common Share | 9 Months Ended
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Sep. 30, 2017
Earnings Per Common Share [Abstract] |
Earnings Per Share [Text Block] | 4. Earnings Per Common Share Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are excluded for earnings per share purposes. The Company had 10,000 options to purchase common shares with an exercise price of $4.00 per share, outstanding at September 30, 2017, but were excluded from the computation of diluted earnings per common share because to do so would be antidilutive. For the 2016 period, options to purchase 147,968 common shares, at exercise prices ranging from $3.18 to $4.60, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be antidilutive. 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,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
|  | (In thousands, except per share data)
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,551 |  |  | $ | 1,065 |  |  | $ | 4,288 |  |  | $ | 1,160 |
Preferred stock dividends |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (15 | )
Net income available to common shareholders |  | $ | 1,551 |  |  | $ | 1,065 |  |  | $ | 4,288 |  |  | $ | 1,145 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding (basic) |  |  | 18,380 |  |  |  | 18,899 |  |  |  | 18,590 |  |  |  | 18,893 |
Effect of stock options |  |  | 101 |  |  |  | 58 |  |  |  | 99 |  |  |  | 54 |
Weighted average common shares outstanding (diluted) |  |  | 18,481 |  |  |  | 18,957 |  |  |  | 18,689 |  |  |  | 18,947 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | 0.06 |  |  | $ | 0.23 |  |  | $ | 0.06 |
Diluted |  |  | 0.08 |  |  |  | 0.06 |  |  |  | 0.23 |  |  |  | 0.06 |

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- References No definition available. + Details
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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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