EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

NOTE 6 – EARNINGS PER SHARE

A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three months ended March 31, 2017 and 2016 is presented below:

	Three Months Ended March 31,
	2017		2016
Basic earnings per share
Income available to common stockholders	$	3,664	$	2,979
Weighted average common shares outstanding		10,643,078		10,311,743
Earnings per share	$	0.34	$	0.29

Diluted earnings per share
Income available to common stockholders	$	3,664	$	2,979
Weighted average common shares outstanding		10,643,078		10,311,743
Add dilutive effects of potential additional common stock		78,390		66,972
Weighted average common and dilutive potential common shares outstanding		10,721,468		10,378,715
Earnings per share assuming dilution	$	0.34	$	0.29

Stock options for 22,000 shares of common stock were not considered in computing diluted earnings per share for the three months ended March 31, 2016 because they were antidilutive. There were no stock options considered antidilutive for the three months ended 2017.