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Earnings Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

Note 6.  Earnings Per Share

The following table shows the weighted average number of shares used in computing earnings per share and the effect on weighted average number of shares of dilutive potential common stock.

 

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

Shares

 

 

Per Share Amount

 

 

Shares

 

 

Per Share Amount

 

 

Shares

 

 

Per Share Amount

 

 

Shares

 

 

Per Share Amount

 

Basic earnings per share

 

 

3,773,836

 

 

$

0.35

 

 

 

3,765,359

 

 

$

0.34

 

 

 

3,771,945

 

 

$

1.21

 

 

 

3,765,368

 

 

$

0.81

 

Effect of dilutive stock awards

 

 

6,711

 

 

 

 

 

 

 

8,454

 

 

 

 

 

 

 

7,443

 

 

 

 

 

 

 

8,320

 

 

 

 

 

Diluted earnings per share

 

 

3,780,547

 

 

$

0.35

 

 

 

3,773,813

 

 

$

0.34

 

 

 

3,779,388

 

 

$

1.21

 

 

 

3,773,688

 

 

$

0.81

 

 

Non-vested restricted shares have voting rights and receive non-forfeitable dividends during the vesting period; therefore, they are included in calculating basic earnings per share. The portion of non-vested performance-based stock awards that are expected to vest, but have not yet been awarded, are included in the calculation of diluted earnings per share.