Earnings per Share

6 Months Ended

Jun. 30, 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				For the six months ended
	June 30,				June 30,
	2020		2019		2020		2019
	(Dollars in thousands, except per share data)
Basic
Net income	$	2,533	$	3,468	$	5,130	$	6,453
Weighted average common shares outstanding		7,407,031		7,385,674		7,419,532		7,384,952
Basic earnings per share	$	0.34	$	0.47	$	0.69	$	0.87
Diluted
Net income	$	2,533	$	3,468	$	5,130	$	6,453
Weighted average shares outstanding for basic earnings per share		7,407,031		7,385,674		7,419,532		7,384,952
Add: Dilutive effects of share based awards		158,205		392,647		251,593		374,575
Average shares and dilutive potential common shares		7,565,236		7,778,321		7,671,125		7,759,527
Diluted earnings per share	$	0.33	$	0.45	$	0.67	$	0.83

Share-based awards totaling 293,250 and 42,500 shares of common stock were not considered in computing diluted earnings per common share for the three months ended June 30, 2020 and June 30, 2019, respectively, because they were anti-dilutive. Share-based awards totaling 293,250 and 129,500 shares of common stock were not considered in computing diluted earnings per common share for the six months ended June 30, 2020 and June 30, 2019, respectively, because they were anti-dilutive.