Earnings Per Share

6 Months Ended

Jun. 30, 2016

Note 6: Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company, such as the Company's dilutive stock options and awards.

The following is a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2016, and 2015:


		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2016		2015		2016		2015

Net income	$	4,311	$	3,873	$	8,717	$	7,754

Weighted average common shares outstanding
Basic		6,021,316	5,973,758			6,015,257	5,963,704
Effect of dilutive employee stock options		64,985		90,655		68,110		86,418
Diluted		6,086,301	6,064,413			6,083,367	6,050,122

Anti-dilutive options excluded from
earnings per share calculation		75,763		10,950		80,263		11,197

Per Common Share Data:
Basic earnings per share	$	0.72	$	0.65	$	1.45	$	1.30
Diluted earnings per share	$	0.71	$	0.64	$	1.43	$	1.28