6. Supplemental Disclosure for Earnings Per Common Share

Earnings per common share information is presented below for the three and nine month periods ended June 30, 2017 and 2016.

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
	(Dollars in thousands, except per share data)
Basic:
Earnings:
Net income	$	2,443	$	2,227	$	6,974	$	5,105
Less: Preferred stock dividends declared		-		-		-		(62)
Net income available to common shareholders	$	2,443	$	2,227	$	6,974	$	5,043
Shares:
Weighted average common shares outstanding		2,225,189		2,204,787		2,217,033		2,197,101

Net income per common share, basic	$	1.10	$	1.01	$	3.15	$	2.30

Diluted:
Earnings:
Net income available to common shareholders	$	2,443	$	2,227	$	6,974	$	5,043
Shares:
Weighted average common shares outstanding		2,225,189		2,204,787		2,217,033		2,197,101
Add: Dilutive effect of outstanding options		121,773		101,242		121,267		103,733
Add: Dilutive effect of restricted stock		4,777		-		2,388		-
Weighted average common shares outstanding as adjusted		2,351,739		2,306,029		2,340,688		2,300,834

Net income per common share, diluted	$	1.04	$	0.97	$	2.98	$	2.19

Unearned ESOP and nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding.

Stock options for 51,295 shares of common stock were excluded from the calculation of diluted net income per common share for the nine month period ended June 30, 2017, because their effect was antidilutive. No restricted stock awards were excluded from the calculation of diluted net income per common share for the nine month period ended June 30, 2017. No stock options or restricted stock awards were excluded from the calculation of diluted net income per common share for the three month periods ended June 30, 2017 and 2016 or the nine month period ended June 30, 2016.