Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Share (EPS)

The following table sets forth the computation of basic and diluted earnings per share (EPS) for the three months ended March 31, 2018 and 2017:

	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the three months ended March 31, 2018
Net income as reported	$	5,506,000
Basic EPS: Income available to common shareholders	5,506,000		10,771,271	$	0.51
Effect of dilutive securities: restricted stock			73,228
Diluted EPS: Income available to common shareholders plus assumed conversions	$	5,506,000	10,844,499	$	0.51
For the three months ended March 31, 2017
Net income as reported	$	4,637,000
Basic EPS: Income available to common shareholders	4,637,000		10,734,281	$	0.43
Effect of dilutive securities: restricted stock			73,623
Diluted EPS: Income available to common shareholders plus assumed conversions	$	4,637,000	10,807,904	$	0.43