Earnings per share

9 Months Ended

Sep. 30, 2018

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, 2018 and 2017.


	2018				2017
For the Three Months Ended September 30,	Basic		Diluted		Basic		Diluted
Net Income	$	6,717	$	6,717	$	5,350	$	5,350
Average common shares outstanding		7,399,054		7,399,054		7,396,505		7,396,505
Earnings per share	$	0.91	$	0.91	$	0.72	$	0.72

	2018				2017
For the Nine Months Ended September 30	Basic		Diluted		Basic		Diluted
Net Income	$	18,528	$	18,528	$	15,809	$	15,809
Average common shares outstanding		7,397,373		7,397,373		7,395,612		7,395,612
Earnings per share	$	2.50	$	2.50	$	2.14	$	2.14