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Earnings per share
 6 Months Ended
Jun. 30, 2016
Earnings per share  
Earnings per share

3. Earnings per share:

 

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance.

 

There were no shares considered anti-dilutive for the three and six month periods ended June 30, 2016 and 2015.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

For the Three Months Ended June 30, 

    

Basic  

    

Diluted  

    

Basic  

    

Diluted  

 

Net Income

    

$
4,855

    

$
4,855

    

$
4,431

    

$
4,431

    

Average common shares outstanding

 

 
7,395,127

 

 
7,395,127

 

 
7,546,198

 

 
7,546,198

 

Earnings per share

 

$
0.66

 

$
0.66

 

$
0.59

 

$
0.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

For the Six Months Ended June 30

 

Basic  

 

Diluted  

 

Basic  

 

Diluted  

 

Net Income

    

$
9,737

    

$
9,737

    

$
9,475

    

$
9,475

    

Average common shares outstanding

 

 
7,399,318

 

 
7,399,318

 

 
7,547,272

 

 
7,547,272

 

Earnings per share

 

$
1.32

 

$
1.32

 

$
1.26

 

$
1.26