Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of weighted average number of shares used in computing earnings per share

For the following table, share and per share data have been adjusted to reflect the 5% Stock Dividend. The table shows the weighted average number of shares used in computing net income per common share and the effect on the weighted average number of shares of diluted potential common stock for the three and six months ended June 30, 2019 and 2018. Potential dilutive common stock equivalents have no effect on net income available to common shareholders. (Dollars below reported in thousands except per share data.)

Three Months Ended	June 30, 2019					June 30, 2018
			Weighted	Per				Weighted	Per
			Average	Share				Average	Share
	Net Income		Shares	Amount		Net Income		Shares	Amount
Basic net income per share	$	2,115	2,688,005	$	0.79	$	1,832	2,666,120	$	0.69
Effect of dilutive stock options		-	960		-		-	22,225		(0.01	)
Diluted net income per share	$	2,115	2,688,965	$	0.79	$	1,832	2,688,345	$	0.68

Six Months Ended	June 30, 2019					June 30, 2018
			Weighted	Per				Weighted	Per
			Average	Share				Average	Share
	Net Income		Shares	Amount		Net Income		Shares	Amount
Basic net income per share	$	3,361	2,683,122	$	1.25	$	4,628	2,663,842	$	1.74
Effect of dilutive stock options		-	4,269		-		-	21,862		(0.02	)
Diluted net income per share	$	3,361	2,687,391	$	1.25	$	4,628	2,685,704	$	1.72