Earnings Per Common Share

6 Months Ended

Jun. 30, 2016

Note 2 - Earnings Per Common Share

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. For diluted earnings per share, net income is divided by the weighted average number of shares outstanding plus the incremental number of shares that would have been outstanding if dilutive potential common shares had been issued. The Company’s potential common stock equivalents consist of outstanding common stock options of 344,250 shares of Riverview common stock as of June 30, 2016 and 322,200 shares of Riverview common stock as of June 30, 2015.

The following table presents the computation of earnings per share for the periods presented.


	Three Months ended June 30,
	Income Numerator			Common Shares Denominator		EPS
	(In thousands, except share data)
2016:
Basic EPS	$	855			3,214,247	$	0.27
Dilutive effect of potential common stock options					31,620

Diluted EPS	$	855			3,245,867	$	0.27

2015:
Basic EPS	($	1,344	)		2,709,538	($	0.50	)
Dilutive effect of potential common stock options					30,379

Diluted EPS	($	1,344	)		2,739,917	($	0.50	)


	Six Months ended June 30,
	Income Numerator			Common Shares Denominator		EPS
	(In thousands, except share data)
2016:
Basic EPS	$	1,608			3,210,374	$	0.50
Dilutive effect of potential common stock options					23,562

Diluted EPS	$	1,608			3,233,936	$	0.50

2015:
Basic EPS	($	970	)		2,709,191	($	0.36	)
Dilutive effect of potential common stock options					40,506

Diluted EPS	($	970	)		2,749,697	($	0.36	)