Earnings Per Share

Basic earnings per share (EPS), which excludes dilution, is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, stock appreciation rights settled in stock or restricted stock awards, result in the issuance of common stock which shares in the earnings of the Company. A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows:



Basic Earnings Per Share	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(In thousands, except share and per share amounts)	2018		2017		2018		2017
Net income	$	4,965	$	4,948	$	10,256	$	9,198
Weighted average shares outstanding	13,692,358		12,207,570		13,681,229		12,187,324
Basic earnings per share	$	0.36	$	0.41	$	0.75	$	0.75



Diluted Earnings Per Share	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(In thousands, except share and per share amounts)	2018		2017		2018		2017
Net income	$	4,965	$	4,948	$	10,256	$	9,198
Weighted average shares outstanding	13,692,358		12,207,570		13,681,229		12,187,324
Effect of dilutive stock options	130,920		131,314		132,858		140,473
Weighted average shares of common stock and common stock equivalents	13,823,278		12,338,884		13,814,087		12,327,797
Diluted earnings per share	$	0.36	$	0.40	$	0.74	$	0.75

No outstanding options or restricted stock awards were anti-dilutive for the six months ended June 30, 2018 and 2017. During the three-month periods ended June 30, 2018 and 2017, no outstanding options or restricted stock awards were anti-dilutive.