Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.5.0.2
Earnings per Share
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 8 - Earnings per Share 
Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three and nine months ended September 30, 2016 and 2015 are as follows:
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
(Dollars in thousands, except per share data)
 
September 30,
 
 
September 30,
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
2,328
 
 
$
1,921
 
 
$
6,813
 
 
$
5,823
 
Weighted average common shares outstanding
 
 
2,860,157
 
 
 
2,851,417
 
 
 
2,858,019
 
 
 
2,850,594
 
Basic earnings per common share
 
$
0.81
 
 
$
0.67
 
 
$
2.38
 
 
$
2.04
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
2,328
 
 
$
1,921
 
 
$
6,813
 
 
$
5,823
 
Weighted average common shares outstanding
 
 
2,860,157
 
 
 
2,851,417
 
 
 
2,858,019
 
 
 
2,850,594
 
Add: Dilutive effect of assumed stock option exercises
 
 
750
 
 
 
-
 
 
 
750
 
 
 
-
 
Weighted average common and dilutive potential common shares outstanding
 
 
2,860,907
 
 
 
2,851,417
 
 
 
2,858,769
 
 
 
2,850,594
 
Diluted earnings per common share
 
$
0.81
 
 
$
0.67
 
 
$
2.38
 
 
$
2.04