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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2019
EARNINGS PER SHARE  
Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share.

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

June 30, 

(In thousands, except earnings per share)

    

2019

    

2018

Net income

 

$

2,530

 

$

2,476

Weighted-average common shares outstanding

 

 

5,777

 

 

5,732

Basic earnings per share

 

$

0.44

 

$

0.43

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

5,777

 

 

5,732

Common stock equivalents due to effect of stock options

 

 

 —

 

 

 —

Total weighted-average common shares and equivalents

 

 

5,777

 

 

5,732

Diluted earnings per share

 

$

0.44

 

$

0.43

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30, 

(In thousands, except earnings per share)

    

2019

    

2018

Net income

 

$

4,773

 

$

4,253

Weighted-average common shares outstanding

 

 

5,771

 

 

5,726

Basic earnings per share

 

$

0.83

 

$

0.74

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

5,771

 

 

5,726

Common stock equivalents due to effect of stock options

 

 

 —

 

 

 —

Total weighted-average common shares and equivalents

 

 

5,771

 

 

5,726

Diluted earnings per share

 

$

0.83

 

$

0.74