EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 7 - EARNINGS PER SHARE

Earnings per common share (EPS) were computed as follows:

	March 31, 2016					March 31, 2015
	Net		Average	Share		Net		Average	Share
Three Months Ended March 31, 2016	Income		Shares	Amount		Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	8,766	21,607,289	$	0.41	$	7,663	21,690,495	$	0.35
Effect of dilutive warrants			161,675					130,274
Effect of dilutive stock options			104,074					94,665
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	8,766	21,873,038	$	0.40	$	7,663	21,915,434	$	0.35

Stock options for 0 common shares in 2016 and stock options for 26,994 common shares in 2015 were not considered in computing diluted earnings per share because they were antidilutive.