EARNINGS PER SHARE

9 Months Ended

Sep. 30, 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 September 30,	Income		Shares	Amount		Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	11,116	25,580,316	$	0.43	$	11,696	24,016,237	$	0.49
Effect of dilutive warrants			321,370					202,238
Dilutive effect of stock compensation			70,513					103,137
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	11,116	25,972,199	$	0.43	$	11,696	24,321,612	$	0.48

There were no antidilutive options in the three month periods ending September 30, 2017 or 2016.

	2017					2016
	Net		Average	Share		Net		Average	Share
Nine Months Ended September 30,	Income		Shares	Amount		Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	32,843	24,951,821	$	1.32	$	26,579	22,786,961	$	1.17
Effect of dilutive warrants			317,899					182,327
Effect of dilutive stock options			79,908					101,777
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	32,843	25,349,628	$	1.30	$	26,579	23,071,065	$	1.15

There were no antidilutive options in the nine month periods ending September 30, 2017 or 2016.