Earnings per Common Share

3 Months Ended

Mar. 31, 2020

Earnings per Common Share

Earnings per Common Share

(2)      Earnings per Common Share

Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per common share takes into account the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive.

	Three Months Ended
	March 31,
(dollars in thousands, except per share data)	2020		2019
Numerator:
Net income available to common stockholders	$	2,516		2,006
Denominator for basic earnings per share - weighted average shares outstanding		6,383		6,407
Effect of dilutive common shares		37		29
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		6,420		6,436
Basic earnings per share	$	0.39		0.31
Diluted earnings per share	$	0.39		0.31
Antidilutive shares excluded from computation of average dilutive earnings per share		202		126