Note

Earnings per Common Share

The following tables show the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of diluted potential common stock.

	For the Three Months Ended September 30,
	2018						2017
Dollars in Thousands, except share and per share data	Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount		Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount
Earnings per common share, basic		5,810,618	$	1,332	$	0.23		5,770,175	$	917	$	0.16
Effect of dilutive securities:
Dilutive stock options		50,464		−		-		24,602		−		−
Earnings per common share, diluted		5,861,082	$	1,332	$	0.23		5,794,777	$	917	$	0.16

	For the Nine Months Ended September 30,
	2018						2017
Dollars in Thousands, except share and per share data	Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount		Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount
Earnings per common share, basic		5,804,251	$	3,495	$	0.60		5,767,602	$	2,116	$	0.37
Effect of dilutive securities:
Dilutive stock options		50,464		−		−		24,602		−		−
Earnings per common share, diluted		5,854,715	$	3,495	$	0.60		5,792,204	$	2,116	$	0.37

September 30, 2018,

as a result of the increase in the Corporation’s stock price, there were

stock options considered antidilutive. At

September 30, 2017,

the number of stock options considered antidilutive and excluded from the calculation of diluted weighted average shares was

33,000.

Nonvested restricted shares were included in weighted average common shares outstanding for computing basic earnings per share, as the holder has voting rights and would share in a stock or cash dividend during the vesting period.