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Earnings per Common Share
 6 Months Ended
Jun. 30, 2018
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,
 
2018
 
2017
 
2018
 
2017
Earnings per common share - basic
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
Net income
$
1,413

 
$
1,041

 
$
2,775

 
$
1,997

 
 
 
 
 
 
 
 
Average common shares outstanding
2,271,139

 
2,164,747

 
2,271,139

 
2,158,587

 
 
 
 
 
 
 
 
Basic earnings per common share
$
0.62

 
$
0.48

 
$
1.22

 
$
0.93

 
 
 
 
 
 
 
 
Earnings per common share - diluted
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
Net income
$
1,413

 
$
1,041

 
$
2,775

 
$
1,997

 
 
 
 
 
 
 
 
Average common shares outstanding
2,271,139

 
2,164,747

 
2,271,139

 
2,158,587

Add: Dilutive effects of assumed issuance of restricted stock and exercise of stock options
17,090

 
18,014

 
15,663

 
16,936

 
 
 
 
 
 
 
 
Average shares and dilutive potential common shares
2,288,229

 
2,182,761

 
2,286,802

 
2,175,523

 
 
 
 
 
 
 
 
Diluted earnings per common share
$
0.62

 
$
0.48

 
$
1.21

 
$
0.92