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Earnings per share | 3 Months Ended
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Mar. 31, 2017
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. Potential common shares that may be issued by the Company relate solely to outstanding stock options, and are determined using the treasury stock method. There were no shares considered anti-dilutive for the three month periods ended March 31, 2017 and 2016.
|  | 2017 |  | 2016 |
For the Three Months Ended March 31 |  | Basic |  | Diluted |  | Basic |  | Diluted |
Net Income |  | $ | 4,800 |  | $ | 4,800 |  | $ | 4,882 |  | $ | 4,882 |
Average common shares outstanding |  |  | 7,394,143 |  |  | 7,394,143 |  |  | 7,403,510 |  |  | 7,403,510 |
Earnings per share |  | $ | 0.65 |  | $ | 0.65 |  | $ | 0.66 |  | $ | 0.66 |

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