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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2017
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 13 - EARNINGS PER SHARE

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

    

2016

    

2015

 

Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

Net income

 

$

10,717

 

$

8,569

 

$

6,832

 

Weighted average common shares outstanding

 

 

2,972

 

 

2,991

 

 

2,842

 

Basic and diluted earnings per share

 

$

3.61

 

$

2.87

 

$

2.40

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options of 600 shares common stock from 2017, 1,200 shares common stock from 2016 and 2,400 shares common stock from 2015 were excluded from diluted earnings per share because their impact was antidilutive.  Restricted stock grants for 2017, 2016 and 2015 were included in shares outstanding for purposes of computing basic and diluted earnings per share.