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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

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
(Dollars in thousands, except per share data)	March 31,
	2019		2018
Basic Earnings Per Share
Net income available to common shareholders	$	1,637	$	1,658

Weighted average common shares outstanding		3,618,328		3,615,005

Basic earnings per share	$	0.45	$	0.46

Diluted Earnings Per Share
Net income available to common shareholders	$	1,637	$	1,658

Weighted average common shares outstanding		3,618,328		3,615,005
Plus dilutive stock options and restricted stock units		15,720		13,944

Weighted average common shares outstanding and potentially dilutive shares		3,634,048		3,628,949

Diluted earnings per share	$	0.45	$	0.46

There were 15,000 stock options that were considered to be anti-dilutive to earnings as of March 31, 2019 and were excluded from the calculation above. There were no stock options that were considered to be anti-dilutive to earnings per share as of March 31, 2018.