EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2016

Earnings per share for the three and six months ended June 30, 2016 and 2015 were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands, except per share data)	2016		2015		2016		2015

Net income	$	678	$	1,502	$	3,258	$	3,964
Weighted average shares outstanding (basic)	8,053		8,115		8,062		8,112
Impact of common stock equivalents	83		23		76		24
Weighted average shares outstanding (diluted)	8,136		8,138		8,138		8,136
Per share information:
Basic earnings per share	$	0.08	$	0.19	$	0.40	$	0.49
Diluted earnings per share	0.08		0.18		0.40		0.49

Stock options amounting to 96,000 and 128,000 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2016 and 2015 as their exercise would have been antidilutive as the exercise price exceeded the average market value. Stock options amounting to 101,000 and 129,000 shares of common stock were not considered in computing diluted earnings per share for the six months ended June 30, 2016 and 2015 as their exercise would have been antidilutive as the exercise price exceeded the average market value.