Earnings Per Share

3 Months Ended

Mar. 31, 2020

Note 5 - Earnings Per Share

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding for each period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. There were 10,500 shares that were anti-dilutive for the three months ended March 31, 2020. There were no shares that were anti-dilutive for the three months ended March 31, 2019.

Information relating to the calculations of our income per common share is summarized as follows:


	Three Months Ended March 31,
	2020		2019
	(dollars in thousands, except for per share data)
Weighted-average shares outstanding - basic		12,812,642		12,773,259
Dilution		37,499		84,384
Weighted-average share outstanding - diluted		12,850,141		12,857,643

Net income	$	565	$	2,609
Net income per share - basic	$	0.04	$	0.20
Net income per share - diluted	$	0.04	$	0.20