Basic and Diluted Earnings Per Share

6 Months Ended

Jun. 30, 2018

Basic and Diluted Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share Text Block

NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share is computed by dividing net earnings by the weighted average common shares outstanding for the respective period. Diluted net earnings per share reflect the potential dilution that could occur upon exercise of securities or other rights for, or convertible into, shares of the Company’s common stock. At June 30,2018 and 2017, respectively, the Company had no such securities or rights issued or outstanding, and therefore, no dilutive effect to consider for the diluted net earnings per share calculation.

The basic and diluted net earnings per share computations for the respective periods are presented below.

				Quarter ended June 30,				Six Months ended June 30,
(In thousands, except share and per share data)				2018		2017		2018		2017
Basic and diluted:
	Net earnings		$	2,264	$	1,995	$	4,459	$	3,885
	Weighted average common shares outstanding			3,643,731		3,643,593		3,643,707		3,643,567
		Net earnings per share	$	0.62	$	0.55	$	1.22	$	1.07