Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.10.0.1
Earnings per Share
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings per Common Share [Text Block]
Note 9 - 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, 2018 and 2017 are as follows:
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
(Dollars in thousands, except per share data)
 
September 30,
 
 
September 30,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
1,625
 
 
$
2,248
 
 
$
6,697
 
 
$
7,075
 
Weighted average common shares outstanding
 
 
3,029,369
 
 
 
2,864,007
 
 
 
2,922,271
 
 
 
2,863,806
 
Basic earnings per common share
 
$
0.54
 
 
$
0.78
 
 
$
2.29
 
 
$
2.47
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income as reported
 
$
1,625
 
 
$
2,248
 
 
$
6,697
 
 
$
7,075
 
Weighted average common shares outstanding
 
 
3,029,369
 
 
 
2,864,007
 
 
 
2,922,271
 
 
 
2,863,806
 
Add: Dilutive effect of assumed stock option exercises
 
 
-
 
 
 
155
 
 
 
-
 
 
 
147
 
Weighted average common and dilutive potential common shares outstanding
 
 
3,029,369
 
 
 
2,864,162
 
 
 
2,922,271
 
 
 
2,863,953
 
Diluted earnings per common share
 
$
0.54
 
 
$
0.78
 
 
$
2.29
 
 
$
2.47