EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 7 - EARNINGS PER SHARE

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

	2017					2016
	Net		Average	Share		Net		Average	Share
Three Months Ended March 31,	Income		Shares	Amount		Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	12,073	24,114,024	$	0.50	$	8,766	21,607,289	$	0.41
Effect of dilutive warrants			315,979					161,675
Dilutive effect of stock compensation			156,958					104,074
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	12,073	24,586,961	$	0.49	$	8,766	21,873,038	$	0.40

There were no antidilutive options in the three month periods ending March 31, 2017 or 2016.