Earnings per Common Share

6 Months Ended

Jun. 30, 2016

Note 3: Earnings per Common Share

Basic earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Net income available to common stockholders is net income to FSB Bancorp, Inc. The Company has not granted any restricted stock awards or stock options and, during the three and six month periods ended June 30, 2016 and 2015, had no potentially dilutive common stock equivalents. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating earnings per common share until they are committed to be released.

The following tables set forth the calculation of basic earnings per share.

	Three months ended
	June 30,
(In thousands, except per share data)	2016		2015
Basic Earnings Per Common Share
Net income available to common stockholders	$	110	$	31
Weighted average common shares outstanding		1,743		1,740
Basic earnings per common share	$	0.06	$	0.02

	Six months ended
	June 30,
(In thousands, except per share data)	2016		2015
Basic Earnings Per Common Share
Net income available to common stockholders	$	187	$	118
Weighted average common shares outstanding		1,742		1,739
Basic earnings per common share	$	0.11	$	0.07