Earnings per share

6 Months Ended

Jun. 30, 2017

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 six month periods ended June 30, 2017 and 2016.

	2017				2016
For the Three Months Ended June 30,	Basic		Diluted		Basic		Diluted
Net Income	$	5,659	$	5,659	$	4,855	$	4,855
Average common shares outstanding		7,396,163		7,396,163		7,395,127		7,395,127
Earnings per share	$	0.76	$	0.76	$	0.66	$	0.66
	2017				2016
For the Six Months Ended June 30	Basic		Diluted		Basic		Diluted
Net Income	$	10,459	$	10,459	$	9,737	$	9,737
Average common shares outstanding		7,395,158		7,395,158		7,399,318		7,399,318
Earnings per share	$	1.41	$	1.41	$	1.32	$	1.32