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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
A reconciliation of the numerators and denominators for earnings per common share computations for the three months ended March 31, 2017 and 2016 is presented below. Options to purchase 332 and 1,992 shares of common stock were outstanding for March 31, 2017 and 2016, respectively; but were not included in the computation of diluted earnings per share because the exercise price was greater than the average market price and, therefore, were anti-dilutive. Of the 33,321 shares of restricted stock units issued, 12,376 shares were considered dilutive for the three month period ended March 31, 2017.
 
Three Months Ended March 31,
 
2017
 
2016
Basic Earnings Per Common Share
 
 
 
Net income
$
1,059

 
$
918

Preferred stock dividends
(82
)
 
(82
)
Net income for common shareholders
$
977

 
$
836

Weighted average common shares outstanding
6,513,694

 
6,513,694

Basic earnings per common share
$
0.15

 
$
0.13

Diluted Earnings Per Common Share
 
 
 
Weighted average common shares outstanding
6,513,694

 
6,513,694

Add: dilutive effect of restricted stock units
12,376

 
—

Weighted average common and dilutive
 
 
 
potential shares outstanding
6,526,070

 
6,513,694

Diluted earnings per common share
$
0.15

 
$
0.13