Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

EARNINGS PER COMMON SHARE (In Thousands, Except Per Share Amounts)

The following table presents a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per common share (“EPS”) for periods ended March 31, 2019 and 2018. All share and per share amounts have been adjusted for the September 27, 2018, 3% stock dividend.



Earnings Per Share
	Quarterly Period Ended:
	March 31, 2019		March 31, 2018
Earnings Per Share - Basic:
Net Income	$	8,734	$	8,531
Weighted Average Shares - Basic	14,469		14,354
Earnings Per Share - Basic	$	0.60	$	0.59

Earnings Per Share - Diluted:
Net Income	$	8,734	$	8,531
Weighted Average Shares - Basic	14,469		14,354
Dilutive Average Shares Attributable to Stock Options	51		82
Weighted Average Shares - Diluted	14,520		14,436
Earnings Per Share - Diluted	$	0.60	$	0.59