Earnings Per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share

Earnings Per Share

10. Earnings Per Share

The following table sets forth the computation of basic and diluted income per share, including a reconciliation of net income and the number of shares used in computing basic and diluted income per share. Basic income per share is determined using the weighted average shares of common stock outstanding during the period. Diluted income per share is determined using the weighted average shares of common stockoutstanding during the period, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the three monthsended March 31,2017and 2016.

		Three Months Ended
		March 31,
(Amounts in thousands, except share and per share amounts)		2017		2016
	Net income	$	21,667	$	22,019
	Weighted average shares outstanding – basic and diluted		5,114,701		5,113,077
	Net income per common share – basic and diluted	$	4.24	$	4.31