Finward Bancorp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share

Earnings per Common Share

12 Months Ended

Dec. 31, 2015

Note 13 Earnings per Common 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 earnings per common share and diluted earnings per common share computations for 2015 and 2014 is presented below.

	2015		2014
Basic earnings per common share:
Net income available to common stockholders	$	7,852,142	$	7,393,779
Weighted-average common shares outstanding		2,850,801		2,844,033
Basic earnings per common share	$	2.75	$	2.60

Diluted earnings per common share:
Net income available to common stockholders	$	7,852,142	$	7,393,779
Weighted-average common shares outstanding		2,850,801		2,844,033
Weighted-average common and dilutive potential common shares outstanding		2,850,801		2,844,033
Diluted earnings per common share	$	2.75	$	2.60

There were 750 anti-dilutive shares outstanding at both December 31, 2015 and 2014.