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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share have been computed based on weighted-average common and common equivalent shares outstanding as follows:









 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,

(dollars in thousands)

 

2018

 

2017

 

2018

 

2017

 

Net Income

 

$               2,335 

 

$              2,543 

 

$             3,556 

 

$             4,885 

 



 

 

 

 

 

 

 

 

 

Average number of common shares outstanding

 

5,551,123 

 

4,632,911 

 

5,549,428 

 

4,630,647 

 

Dilutive effect of common stock equivalents

 

 -

 

2,572 

 

 -

 

3,073 

 

Average number of shares used to calculate diluted EPS

 

5,551,123 

 

4,635,483 

 

5,549,428 

 

4,633,720 

 



 

 

 

 

 

 

 

 

 

Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Basic

 

$                 0.42 

 

$                0.55 

 

$               0.64 

 

$               1.05 

 

Diluted

 

0.42 

 

0.55 

 

0.64 

 

1.05