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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 4 - EARNINGS PER SHARE

 

Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows:

 

    Three Months Ended     Nine Months Ended  
(Dollars in thousands, except per share data)   September 30,     September 30,  
    2016     2015     2016     2015  
Basic Earnings Per Share                        
Net income available to common shareholders   $ 1,683     $ 1,450     $ 4,402     $ 4,523  
                                 
Weighted average common shares outstanding     3,275,841       3,289,146       3,290,610       3,287,765  
                                 
Basic earnings per share   $ 0.52     $ 0.44     $ 1.34     $ 1.37  
                                 
Diluted Earnings Per Share                                
Net income available to common shareholders   $ 1,683     $ 1,450     $ 4,402     $ 4,523  
                                 
Weighted average common shares outstanding     3,275,841       3,289,146       3,290,610       3,287,765  
Plus dilutive stock options and restricted stock units     3,949       6,686       4,171       6,841  
                                 
Weighted average common shares outstanding and potentially dilutive shares     3,279,790       3,295,832       3,294,781       3,294,606  
                                 
Diluted earnings per share   $ 0.52     $ 0.44     $ 1.34     $ 1.37  

 

There were 30,000 stock options as of September 30, 2016 and zero stock options as of September 30, 2015, that were considered to be anti-dilutive to earnings per share for the three-month and nine-month periods ended September 30, 2016 and 2015. These stock options have been excluded from the calculation above.