EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

Earnings per share for the three months ended March 31, 2016 and 2015 were as follows:



	Three Months Ended March 31,
(Dollars in thousands, except per share data)	2016		2015

Net income	$	2,580	$	2,462
Weighted average shares outstanding (basic)	8,071		8,110
Impact of common stock equivalents	68		24
Weighted average shares outstanding (diluted)	8,139		8,134
Per share information:
Basic earnings per share	$	0.32	$	0.30
Diluted earnings per share	0.32		0.30

Stock options amounting to 99,000 and 130,000 shares of common stock were not considered in computing diluted earnings per share for the three months ended March 31, 2016 and 2015 as their exercise would have been antidilutive as the exercise price exceeded the average market value.