Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2018 and 2017:

	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the six months ended June 30, 2018
Net income as reported	$	11,240,000
Basic EPS: Income available to common shareholders	11,240,000		10,776,680	$	1.04
Effect of dilutive securities: restricted stock			70,443
Diluted EPS: Income available to common shareholders plus assumed conversions	$	11,240,000	10,847,123	$	1.04
For the six months ended June 30, 2017
Net income as reported	$	9,520,000
Basic EPS: Income available to common shareholders	9,520,000		10,740,355	$	0.89
Effect of dilutive securities: restricted stock			72,348
Diluted EPS: Income available to common shareholders plus assumed conversions	$	9,520,000	10,812,703	$	0.88

The following table sets forth the computation of basic diluted EPS for the quarters ended June 30, 2018 and 2017:

	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the quarter ended June 30, 2018
Net income as reported	$	5,734,000
Basic EPS: Income available to common shareholders	5,734,000		10,779,275	$	0.53
Effect of dilutive securities: restricted stock			70,443
Diluted EPS: Income available to common shareholders plus assumed conversions	$	5,734,000	10,849,718	$	0.53
For the quarter ended June 30, 2017
Net income as reported	$	4,883,000
Basic EPS: Income available to common shareholders	4,883,000		10,746,363	$	0.45
Effect of dilutive securities: restricted stock			71,086
Diluted EPS: Income available to common shareholders plus assumed conversions	$	4,883,000	10,817,449	$	0.45