Earnings Per Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Note 8: Earnings Per Share

Basic earnings per common share is computed based upon the weighted-average number of common shares outstanding during the period, less shares in the Company’s Employee Stock Ownership Plan (“ESOP”) that are unallocated and not committed to be released. There were no dilutive shares at September 30, 2017 or September 30, 2016.

The computations are as follows:

	Three months ended September 30,				Nine months ended September 30,
	2017		2016		2017		2016
Net income (in thousands)	$	855	$	550	$	2,187	$	1,931
Weighted-average common      shares outstanding		2,754,573		2,747,567		2,754,573		2,747,567
Net income per share	$	0.31	$	0.20	$	0.79	$	0.70