| Basic and Diluted Earnings Per Share |
The following tables set forth the calculation of basic and diluted earnings per common share for the six- and three-month periods ended June 30, 2016 and 2015:
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Six months ended June 30,
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2016
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2015
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Average
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Per Share
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Average
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Per Share
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(in thousands, except for per share amount)
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Income
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Shares
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Amount
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Income
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Shares
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Amount
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Basic and Diluted Earnings Per Share:
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Net income
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$
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3,575
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$
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2,543
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Preferred stock dividends
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(1,125)
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(1,350)
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Net income available to common shareholders
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$
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2,450
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6,259
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$
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0.39
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$
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1,193
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6,243
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$
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0.19
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Three months ended June 30,
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2016
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2015
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Average
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Per Share
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Average
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Per Share
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(in thousands, except for per share amount)
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Income
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Shares
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Amount
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Income
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Shares
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Amount
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Basic and Diluted Earnings Per Share:
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Net income
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$
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1,704
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$
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1,175
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Preferred stock dividends
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(450)
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(675)
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Net income available to common shareholders
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$
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1,254
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6,264
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$
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0.20
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$
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500
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6,249
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$
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0.08
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