| Basic and diluted earning per share |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2012 |
|
|
2011 |
|
|
2012 |
|
|
2011 |
|
| |
|
(Dollars in thousands except per share amounts) |
|
|
Weighted average shares outstanding used in Basic Earnings per Common Share
|
|
|
7,944,354 |
|
|
|
7,884,749 |
|
|
|
7,934,458 |
|
|
|
7,878,119 |
|
|
Dilutive effect of incentive stock options and warrants
|
|
|
6,174 |
|
|
|
185 |
|
|
|
3,925 |
|
|
|
105 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding used in Diluted Earnings Per Common Share
|
|
|
7,950,528 |
|
|
|
7,884,934 |
|
|
|
7,938,383 |
|
|
|
7,878,224 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
|
|
$ |
1,438 |
|
|
$ |
712 |
|
|
$ |
2,943 |
|
|
$ |
1,842 |
|
|
Dividends and accretion on preferred stock
|
|
|
318 |
|
|
|
318 |
|
|
|
637 |
|
|
|
637 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Available to Common Shareholders
|
|
$ |
1,120 |
|
|
$ |
394 |
|
|
$ |
2,306 |
|
|
$ |
1,205 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic Earnings Per Common Share
|
|
$ |
0.14 |
|
|
$ |
0.05 |
|
|
$ |
0.29 |
|
|
$ |
0.15 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Common Share
|
|
$ |
0.14 |
|
|
$ |
0.05 |
|
|
$ |
0.29 |
|
|
$ |
0.15 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|