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 September 30,				For the Nine Months Ended September 30,
(In thousands, except share and per share amounts)	2018		2017		2018		2017
Net income	$	5,752	$	4,494	$	16,008	$	13,691
Weighted average shares outstanding	13,715,141		12,208,313		13,692,657		12,183,363
Basic earnings per share	$	0.42	$	0.37	$	1.17	$	1.12



Diluted Earnings Per Share	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(In thousands, except share and per share amounts)	2018		2017		2018		2017
Net income	$	5,752	$	4,494	$	16,008	$	13,691
Weighted average shares outstanding	13,715,141		12,208,313		13,692,657		12,183,363
Effect of dilutive stock options	121,687		116,941		129,171		132,487
Weighted average shares of common stock and common stock equivalents	13,836,828		12,325,254		13,821,828		12,315,850
Diluted earnings per share	$	0.42	$	0.36	$	1.16	$	1.11

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