Basic And Diluted Earnings Per Share

6 Months Ended

Jun. 30, 2017

Basic And Diluted Earnings Per Share [Abstract]

Basic And Diluted Earnings Per Share

Note 6 – Basic and Diluted Earnings per Share

Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period, as adjusted for stock dividends and splits. 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 adjustments to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
	(Dollars In Thousands, Except Share and Per Share Data)
Net income	$	2,083	$	1,664	$	3,985	$	3,272
Weighted average shares outstanding		7,447,830		7,413,482		7,446,894		7,412,438
Dilutive effect of potential common shares, stock options		57,213		33,744		57,175		33,325
Diluted weighted average common shares outstanding		7,505,043		7,447,226		7,504,069		7,445,763
Basic earnings per share	$	0.28	$	0.22	$	0.54	$	0.44
Diluted earnings per share	$	0.28	$	0.22	$	0.53	$	0.44

Stock options of 4,227 were not considered in computing diluted earnings per common share for the three and six months ended June 30, 2017. There were no stock options not considered in computing diluted earnings per common share for the three and six months ended June 30, 2016.