Earnings per share

9 Months Ended

Sep. 30, 2016

Earnings per share

Earnings per share

3. Earnings per share:

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance.

There were no shares considered anti-dilutive for the three and nine month periods ended September 30, 2016 and 2015.

	2016				2015
For the Three Months Ended September 30,	Basic		Diluted		Basic		Diluted
Net Income	$	5,118	$	5,118	$	4,409	$	4,409
Average common shares outstanding		7,394,143		7,394,143		7,536,824		7,536,824
Earnings per share	$	0.69	$	0.69	$	0.58	$	0.58
	2016				2015
For the Nine Months Ended September 30	Basic		Diluted		Basic		Diluted
Net Income	$	14,855	$	14,855	$	13,884	$	13,884
Average common shares outstanding		7,397,581		7,397,581		7,543,751		7,543,751
Earnings per share	$	2.01	$	2.01	$	1.84	$	1.84