Average Shares Outstanding

3 Months Ended

Mar. 31, 2017

Average Shares Outstanding

Average Shares Outstanding

Note 2 — Average Shares Outstanding

The average number of shares outstanding for three months 2017 reflect stock purchases of 260 shares for $9,985 and a 3% stock dividend of 1,850 shares distributed on April 17, 2017. The average number of shares outstanding for three months 2016 reflect stock purchases of 214 shares for $6,576 and a 3% stock dividend of 1,816 shares distributed on April 8, 2016.