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Earnings per share | 9 Months Ended
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Sep. 30, 2019
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 nine month periods ended September 30, 2019 and 2018.
|  | 2019 |  | 2018 |
For the Three Months Ended September 30, |  | Basic |  | Diluted |  | Basic |  | Diluted |
Net Income |  | $ | 7,148 |  | $ | 7,148 |  | $ | 6,717 |  | $ | 6,717 |
Average common shares outstanding |  |  | 7,394,992 |  |  | 7,394,992 |  |  | 7,399,054 |  |  | 7,399,054 |
Earnings per share |  | $ | 0.97 |  | $ | 0.97 |  | $ | 0.91 |  | $ | 0.91 |
|  | 2019 |  | 2018 |
For the Nine Months Ended September 30 |  | Basic |  | Diluted |  | Basic |  | Diluted |
Net income |  | $ | 20,704 |  | $ | 20,704 |  | $ | 18,528 |  | $ | 18,528 |
Average common shares outstanding |  |  | 7,397,768 |  |  | 7,397,768 |  |  | 7,397,373 |  |  | 7,397,373 |
Earnings per share |  | $ | 2.80 |  | $ | 2.80 |  | $ | 2.50 |  | $ | 2.50 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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