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Earnings per Common Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings per Common Share
Earnings per Common Share

Basic earnings per common share (EPS) excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS includes the dilutive effect of additional potential common shares for assumed issuance of restricted stock and shares issued under stock options.

The factors used in the Corporation’s earnings per common share computation follow:
 
(Dollar amounts in thousands, except for per share amounts)
For the three months ended June 30,
 
For the six months ended June 30,
 
2017
 
2016
 
2017
 
2016
Earnings per common share - basic
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
Net income
$
1,041

 
$
930

 
$
1,997

 
$
1,732

 
 
 
 
 
 
 
 
Average common shares outstanding
2,164,747

 
2,146,160

 
2,158,587

 
2,145,484

 
 
 
 
 
 
 
 
Basic earnings per common share
$
0.48

 
$
0.43

 
$
0.93

 
$
0.81

 
 
 
 
 
 
 
 
Earnings per common share - diluted
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
Net income
$
1,041

 
$
930

 
$
1,997

 
$
1,732

 
 
 
 
 
 
 
 
Average common shares outstanding
2,164,747

 
2,146,160

 
2,158,587

 
2,145,484

Add: Dilutive effects of assumed issuance of restricted stock and exercise of stock options
18,014

 
10,218

 
16,936

 
9,224

 
 
 
 
 
 
 
 
Average shares and dilutive potential common shares
2,182,761

 
2,156,378

 
2,175,523

 
2,154,708

 
 
 
 
 
 
 
 
Diluted earnings per common share
$
0.48

 
$
0.43

 
$
0.92

 
$
0.80

 
 
 
 
 
 
 
 
Stock options not considered in computing earnings per share because they were antidilutive
—

 
67,000

 
—

 
67,000