Three months

Six months

Periods ended June 30, (in thousands, except per share data)

2017

2016

2017

2016

Net income

$

1,882

$

1,735

$

3,487

$

3,247

Less: Undistributed earnings allocated to participating securities

(15

)

(14

)

(26

)

(27

)

Net income allocated to common stock

$

1,867

$

1,721

$

3,461

$

3,220

Weighted average common shares issued

2,780

2,756

2,773

2,751

Less: Unvested restricted stock awards

(23

)

(22

)

(20

)

(22

)

Weighted average common shares outstanding used to calculate basic earnings per common share

2,757

2,734

2,753

2,729

Add: Dilutive effect of unvested restricted stock awards

18

15

19

16

Weighted average common shares outstanding used to calculate diluted earnings per common share

2,775

2,749

2,772

2,745

Earnings per common share (basic)

$

0.68

$

0.63

$

1.26

$

1.18

Earnings per common share (diluted)

$

0.67

$

0.63

$

1.25

$

1.17