Net income

$

8,397

$

8,212

Dividends and undistributed earnings allocated to participating securities

(131

)

(147

)

Net income available to common shareholders

$

8,266

$

8,065

Denominator (shown as actual):

Basic weighted average common shares outstanding

7,703,789

7,623,580

Dilutive shares

120,671

154,838

Diluted weighted average common shares outstanding

7,824,460

7,778,418

Basic earnings per share

$

1.07

$

1.06

Diluted earnings per share

$

1.06

$

1.04

Potentially dilutive weighted average share options that were not included in the computation of diluted earnings per share because to do so would be anti-dilutive.

28,102

37,227