Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

The following shows the weighted average number of shares used in computing earnings per common share and the effect on the weighted average number of shares of potentially dilutive common stock. Potentially dilutive common stock had no effect on income available to common shareholders. Nonvested restricted shares are included in the computation of basic earnings per share as the holder is entitled to full shareholder benefits during the vesting period including voting rights and sharing in nonforfeitable dividends.



	Years Ended December 31,
	2018				2017			2016
	Shares	Per Share Amount			Shares	Per Share Amount		Shares	Per Share Amount
Basic earnings per share	8,698,014	$	2.60		8,641,717	$	1.76	8,611,507	$	1.89
Effect of dilutive securities - stock options	10,448	(0.01		)	18,911	—		9,734	—
Diluted earnings per share	8,708,462	$	2.59		8,660,628	$	1.76	8,621,241	$	1.89

Outstanding stock options on common stock which were not included in computing diluted earnings per share in 2018, 2017, and 2016 because their effects were anti-dilutive, were zero shares, 330 shares, and 11,397 shares, respectively.