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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 2 – Earnings Per Share
 
Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share:
 
 
 
For the Three Months Ended
 
 
 
March 31,
 
(In thousands, except per share data)
 
2016
 
2015
 
Net income
 
$
2,460
 
$
1,409
 
Weighted average shares outstanding - Basic
 
 
12,635
 
 
12,625
 
Dilutive effect of common stock equivalents
 
 
14
 
 
8
 
Weighted average shares outstanding - Diluted
 
 
12,649
 
 
12,633
 
Earnings per common share - Basic
 
$
0.19
 
$
0.11
 
Earnings per common share - Diluted
 
$
0.19
 
$
0.11
 
 
There were no weighted average common stock equivalents excluded from the calculation of diluted earnings per share for the three months ended March 31, 2016 and 2015.