EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

NOTE 9. EARNINGS PER SHARE

Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants, none of which were antidilutive.

	Three Months Ended March 31,
	2016	2015
Weighted average shares outstanding for basic earnings per common share	16,679,835	16,590,285
Dilutive effect of stock options, awards and warrants	205,369	199,212
Weighted average shares outstanding for diluted earnings per common share	16,885,204	16,789,497

Basic earnings per common share	$0.74	$0.67
Diluted earnings per common share	$0.73	$0.66