Net income

$

8,021

$

8,397

Dividends and undistributed earnings allocated to participating securities

(135

)

(131

)

Net income available to common shareholders

$

7,886

$

8,266

Denominator (shown as actual):

Basic weighted average common shares outstanding

7,695,320

7,703,789

Dilutive shares

110,408

120,671

Diluted weighted average common shares outstanding

7,805,728

7,824,460

Basic earnings per share

$

1.02

$

1.07

Diluted earnings per share

$

1.01

$

1.06

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