Earnings per Share

12 Months Ended

Dec. 31, 2015

Note 18 – Earnings per Share

The following shows the weighted average number of shares used in computing earnings per share and the effect on weighted average number of shares of diluted potential common stock. Potential dilutive common stock has no effect on income available to common shareholders.

	December 31, 2015						December 31, 2014
			Weighted		Per				Weighted		Per
			Average		Share				Average		Share
	Net Income		Shares		Amount		Net Income		Shares		Amount
Basic earnings per share	$	3,121		2,531,964	$	1.23	$	1,898		2,695,426	$	0.70
Effect of dilutive stock options				12,427		-				11,533		-
Diluted earnings per share	$	3,121		2,544,391	$	1.23	$	1,898		2,706,959	$	0.70

In 2015, stock options representing 82,110 average shares were not included in the calculation of earnings per share, as their effect would have been antidilutive. Stock options representing 130,677 average shares were similarly not included in 2014.