Three months

Nine months

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

2017

2016

2017

2016

Net income

$

1,694

$

1,919

$

5,180

$

5,165

Less: Undistributed earnings allocated to participating securities

(16

)

(15

)

(41

)

(41

)

Net income allocated to common stock

$

1,678

$

1,904

$

5,139

$

5,124

Weighted average common shares issued

2,785

2,758

2,777

2,754

Less: Unvested restricted stock awards

(26

)

(21

)

(22

)

(22

)

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

2,759

2,737

2,755

2,732

Add: Dilutive effect of stock options

20

14

19

15

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

2,779

2,751

2,774

2,747

Earnings per common share (basic)

$

0.61

$

0.70

$

1.87

$

1.88

Earnings per common share (diluted)

$

0.60

$

0.69

$

1.85

$

1.87