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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table presents earnings per share for the three months ended March 31, 2017 and 2016.
 
Three Months Ended March 31,
(Dollars in thousands, except per share data)
2017
 
2016
 
 
 
 
Net income
$
2,002

 
$
2,580

Weighted average shares outstanding - basic
8,060

 
8,071

Dilutive effect of share-based compensation
138

 
68

Weighted average shares outstanding - diluted
8,198

 
8,139

Per share information:
 
 
 
Basic earnings per share
$
0.25

 
$
0.32

Diluted earnings per share
0.24

 
0.32



Average outstanding stock options of 49,000 and 99,000 for the three months ended March 31, 2017 and 2016 were not included in the computation of earnings per share because the effect was antidilutive, due to the exercise price exceeding the average market price. The dilutive effect of share-based compensation in each period above relates principally to restricted stock awards.