In Thousands
Three Months Ended

March 31

Earnings per share

2017

2016

Net income

$

2,839

$

2,481

Less: distributed earnings allocated to participating securities

(10

)

(8

)

Less: undistributed earnings allocated to participating securities

(17

)

(13

)

Net earnings available to common shareholders

$

2,812

$

2,460

Weighted average common shares outstanding including participating securities

4,620,875

4,609,226

Less: average unvested restricted shares

(43,150

)

(38,670

)

Weighted average common shares outstanding

4,577,725

4,570,556

Basic earnings and diluted per share

$

0.61

$

0.54