| Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted earnings per share have been computed based on weighted-average common and common equivalent shares outstanding as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended
|
|
|
|
|
December 31,
|
|
(dollars in thousands)
|
|
|
2015
|
|
2014
|
|
2013
|
|
Net Income
|
|
|
$ 6,343
|
|
$ 6,490
|
|
$ 6,651
|
|
Less: dividends paid and accrued on preferred stock
|
|
|
(23)
|
|
(200)
|
|
(200)
|
|
Net income available to common shareholders
|
|
|
$ 6,320
|
|
$ 6,290
|
|
$ 6,451
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding
|
|
|
4,639,700
|
|
4,646,424
|
|
3,402,432
|
|
Dilutive effect of common stock equivalents
|
|
|
37,048
|
|
8,703
|
|
24,361
|
|
Weighted average number of shares used to calculate diluted EPS
|
|
|
4,676,748
|
|
4,655,127
|
|
3,426,793
|
|