Earnings per share

9 Months Ended

Sep. 30, 2017

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 nine month periods ended September 30, 2017 and 2016.


	2017				2016
For the Three Months Ended September 30,	Basic		Diluted		Basic		Diluted
Net Income	$	5,350	$	5,350	$	5,118	$	5,118
Average common shares outstanding		7,396,505		7,396,505		7,394,143		7,394,143
Earnings per share	$	0.72	$	0.72	$	0.69	$	0.69

	2017				2016
For the Nine Months Ended September 30	Basic		Diluted		Basic		Diluted
Net Income	$	15,809	$	15,809	$	14,855	$	14,855
Average common shares outstanding		7,395,612		7,395,612		7,397,581		7,397,581
Earnings per share	$	2.14	$	2.14	$	2.01	$	2.01