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Earnings per Share
 3 Months Ended
Mar. 31, 2020
Earnings per Share  
Earnings per Share

NOTE 6 — Earnings per Share

The factors used in the earnings per share computation follow:

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

March 31, 

 

    

2020

    

2019

 

 

(Dollars in thousands, except per share data)

Basic

 

 

 

 

 

 

Net income

 

$

2,597

 

$

2,985

Weighted average common shares outstanding

 

 

7,431,540

 

 

7,384,223

Basic earnings per share

 

$

0.35

 

$

0.40

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

Net income

 

$

2,597

 

$

2,985

Weighted average shares outstanding for basic earnings per share

 

 

7,431,540

 

 

7,384,223

Add: Dilutive effects of share based awards

 

 

344,981

 

 

356,503

Average shares and dilutive potential common shares

 

 

7,776,521

 

 

7,740,726

Diluted earnings per share

 

$

0.33

 

$

0.39

 

Share-based awards totaling 163,250 and 163,000 shares of common stock were not considered in computing diluted earnings per common share for the three months ended March 31, 2020 and March 31, 2019, respectively, because they were anti-dilutive.