EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

4.EARNINGS PER SHARE

Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based compensation agreements.

The factors used in the earnings per share computation follow:


	Three Months Ended
	March 31,
	2020		2019
	(in thousands)
Basic and Diluted Earnings Per Share
Net Income	$	1,751	$	2,811
Weighted average common shares outstanding		5,880		5,929
Basic and diluted earnings per share	$	0.30	$	0.47

Restricted stock grants were excluded in shares outstanding for purposes of computing basic and diluted earnings per share for the both the three months ended March 31, 2020 and March 31, 2019.