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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2016
EARNINGS PER SHARE  
Schedule of factors used in the earnings per share computation

 

The factors used in the earnings per share computation follow (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

Net income

 

$

8,569

 

$

6,832

 

$

7,071

 

Weighted average common shares outstanding

 

 

2,991

 

 

2,842

 

 

2,721

 

Basic earnings per share

 

$

2.87

 

$

2.40

 

$

2.60

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

Net income

 

$

8,569

 

$

6,832

 

$

7,071

 

Weighted average common shares outstanding

 

 

2,991

 

 

2,842

 

 

2,721

 

Add effect of dilutive shares

 

 

 —

 

 

 —

 

 

 —

 

Weighted average common shares outstanding including dilutive shares

 

 

2,991

 

 

2,842

 

 

2,721

 

Diluted earnings per share

 

$

2.87

 

$

2.40

 

$

2.60