Earnings Per Share Earnings Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share

The following table presents the reconciliation of the calculation of basic earnings per share for the years ended December 31, 2016, 2015 and 2014:



	2016		2015		2014
	(Dollars in thousands, except per share data)
Net income	$	8,511	$	7,878	$	7,694
Weighted average common shares outstanding	4,459,001		4,458,037		4,458,393
Basic earnings per share	$	1.91	$	1.77	$	1.73

Basic earnings per share were computed by dividing net income by the weighted average number of shares outstanding during the year. There were incentive stock options with respect to 8,500 shares, 11,000 shares, and 13,500 shares outstanding at December 31, 2016, 2015 and 2014, respectively, excluded from the computation of diluted earnings per share since dilution resulting from these stock options is immaterial.