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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table presents earnings per share for the three and six months ended June 30, 2017 and 2016.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(Dollars in thousands, except per share data)
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Net income
$
3,308

 
$
678

 
$
5,310

 
$
3,258

Weighted average shares outstanding - basic
8,069

 
8,053

 
8,064

 
8,062

Dilutive effect of share-based compensation
139

 
83

 
139

 
76

Weighted average shares outstanding - diluted
8,208

 
8,136

 
8,203

 
8,138

Per share information:
 
 
 
 
 
 
 
Basic earnings per share
$
0.41

 
$
0.08

 
$
0.66

 
$
0.40

Diluted earnings per share
0.40

 
0.08

 
0.65

 
0.40



Average outstanding stock options of 46,000 and 96,000 for the three months ended June 30, 2017 and 2016, and of 48,000 and 101,000 for the six months ended June 30, 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.