Earnings Per Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
19.
Earnings Per Share
 
The factors used in the Corporation’s earnings per share computation follow:
 
(Dollar amounts in thousands, except for per share amounts)
 
For the year ended
 
 
 
December 31,
 
 
 
2013
 
2012
 
Earnings per common share - basic
 
 
 
 
 
 
 
Net income
 
$
3,808
 
$
3,654
 
Less: Preferred stock dividends and discount accretion
 
 
420
 
 
493
 
Net income available to common stockholders
 
$
3,388
 
$
3,161
 
Average common shares outstanding
 
 
1,762,618
 
 
1,752,324
 
Basic earnings per common share
 
$
1.92
 
$
1.80
 
Earnings per common share - diluted
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
3,388
 
$
3,161
 
Average common shares outstanding
 
 
1,762,618
 
 
1,752,324
 
Add: Dilutive effects of assumed exercises of restricted stock and stock options
 
 
9,812
 
 
-
 
Average shares and dilutive potential common shares
 
 
1,772,430
 
 
1,752,324
 
Diluted earnings per common share
 
$
1.91
 
$
1.80
 
Stock options and restricted stock awards not
 
 
 
 
 
 
 
considered in computing diluted earnings per
 
 
 
 
 
 
 
share because they were antidilutive
 
 
67,000
 
 
86,950