Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share

Schedule of calculations of basic and diluted earnings per common share

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands, except per share data)	2019		2018		2019		2018
Basic earnings per share:
Net income available to shareholders	$	3,860	$	3,098	$	12,046	$	8,095
Average shares outstanding		6,276,236		6,264,200		6,276,236		6,265,290
Basic earnings per share	$	0.62	$	0.49	$	1.92	$	1.29
Diluted earnings per share:
Net income available to shareholders	$	3,860	$	3,098	$	12,046	$	8,095
Average shares outstanding		6,276,236		6,264,200		6,276,236		6,265,290
Effect of dilutive stock options		—		6,617		—		6,740
Average shares outstanding including dilutive stock options		6,276,236		6,270,817		6,276,236		6,272,030
Diluted earnings per share	$	0.62		0.49	$	1.92		1.29