Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.8.0.1
Earnings per Share
 9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016 are as follows:
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
(Dollars in thousands, except per share data)
 
September 30,
 
 
September 30,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
2,248
 
 
$
2,328
 
 
$
7,075
 
 
$
6,813
 
Weighted average common shares outstanding
 
 
2,864,007
 
 
 
2,860,157
 
 
 
2,863,806
 
 
 
2,858,019
 
Basic earnings per common share
 
$
0.78
 
 
$
0.81
 
 
$
2.47
 
 
$
2.38
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
-
 
 
 
 
 
Net income as reported
 
$
2,248
 
 
$
2,328
 
 
$
7,075
 
 
$
6,813
 
Weighted average common shares outstanding
 
 
2,864,007
 
 
 
2,860,157
 
 
 
2,863,806
 
 
 
2,858,019
 
Add:  Dilutive effect of assumed stock
option exercises
 
 
155
 
 
 
750
 
 
 
147
 
 
 
750
 
Weighted average common and dilutive
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
potential common shares outstanding
 
 
2,864,162
 
 
 
2,860,907
 
 
 
2,863,953
 
 
 
2,858,769
 
Diluted earnings per common share
 
$
0.78
 
 
$
0.81
 
 
$
2.47
 
 
$
2.38