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NOTE 6 - EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE 6 - EARNINGS PER SHARE The following information was used in the computation of EPS on a basic and diluted basis:
|  |  | Three months ended |  | Six months ended |
|  |  | June 30, |  | June 30, |
|  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
|  | (dollars in thousands, except share data) |
Net income |  | $ | 13,504 |  | $ | 10,445 |  | $ | 26,422 |  | $ | 20,995 |
Basic EPS |  | $ | 0.86 |  | $ | 0.75 |  | $ | 1.68 |  | $ | 1.51 |
Diluted EPS |  | $ | 0.85 |  | $ | 0.73 |  | $ | 1.66 |  | $ | 1.48 |
Weighted average common shares outstanding |  |  | 15,714,588 |  |  | 13,919,565 |  |  | 15,703,967 |  |  | 13,904,113 |
Weighted average common shares issuable upon exercise of stock options |  |  |  |  |  |  |  |  |  |  |  |  |
and under the employee stock purchase plan |  |  | 223,789 |  |  | 312,858 |  |  | 226,692 |  |  | 314,890 |
Weighted average common and common equivalent shares outstanding |  |  | 15,938,377 |  |  | 14,232,423 |  |  | 15,930,659 |  |  | 14,219,003 |
The increase in weighted average common shares outstanding when comparing the three and six months ended June 30, 2019 to June 30, 2018 was primarily due to the common stock issuance as a result of the merger with Springfield Banshares as discussed in Note 2 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.

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