EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2015

Earnings per share for the three and six months ended June 30, 2015 and 2014 were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands, except per share data)	2015		2014		2015		2014

Net income	$	1,502	$	2,873	$	3,964	$	4,851
Weighted average shares outstanding (basic)	8,115		8,110		8,112		8,109
Impact of common stock equivalents	23		0		24		0
Weighted average shares outstanding (diluted)	8,138		8,110		8,136		8,109
Per share information:
Basic earnings per share	$	0.19	$	0.35	$	0.49	$	0.60
Diluted earnings per share	0.18		0.35		0.49		0.60

Stock options amounting to 128,000 and 196,000 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2015 and 2014 as their exercise would have been antidilutive as the exercise price exceeded the average market value. Stock options amounting to 129,000 and 201,000 shares of common stock were not considered in computing diluted earnings per share for the six months ended June 30, 2015 and 2014 as their exercise would have been antidilutive as the exercise price exceeded the average market value.