Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.7.0.1
Earnings per Share
6 Months Ended
Jun. 30, 2017
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 six months ended June 30, 2017 and 2016 are as follows:
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
June 30,
 
 
June 30,
 
(Dollars in thousands, except per share data)
 
2017
 
 
2016
 
 
2017
 
 
2016
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
2,529
 
 
$
2,242
 
 
$
4,827
 
 
$
4,486
 
Weighted average common shares outstanding
 
 
2,864,246
 
 
 
2,859,003
 
 
 
2,863,704
 
 
 
2,856,938
 
Basic earnings per common share
 
$
0.89
 
 
$
0.78
 
 
$
1.69
 
 
$
1.57
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
-
 
 
 
 
 
Net income as reported
 
$
2,529
 
 
$
2,242
 
 
$
4,827
 
 
$
4,486
 
Weighted average common shares outstanding
 
 
2,864,246
 
 
 
2,859,003
 
 
 
2,863,704
 
 
 
2,856,938
 
Add: Dilutive effect of assumed stock option exercises
 
 
146
 
 
 
750
 
 
 
143
 
 
 
750
 
Weighted average common and dilutive potential common shares outstanding
 
 
2,864,392
 
 
 
2,859,753
 
 
 
2,863,847
 
 
 
2,857,688
 
Diluted earnings per common share
 
$
0.89
 
 
$
0.78
 
 
$
1.69
 
 
$
1.57