Earnings Per Share

9 Months Ended

Sep. 30, 2018

The following table sets forth the computation of basic and diluted earnings per share (EPS) for the nine months ended September 30, 2018 and 2017:



	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the nine months ended September 30, 2018
Net income as reported	$	17,173,000
Basic EPS: Income available to common shareholders	17,173,000		10,780,277	$	1.59
Effect of dilutive securities: restricted stock			69,515
Diluted EPS: Income available to common shareholders plus assumed conversions	$	17,173,000	10,849,792	$	1.58
For the nine months ended September 30, 2017
Net income as reported	$	14,502,000
Basic EPS: Income available to common shareholders	14,502,000		10,744,155	$	1.35
Effect of dilutive securities: restricted stock			71,923
Diluted EPS: Income available to common shareholders plus assumed conversions	$	14,502,000	10,816,078	$	1.34

The following table sets forth the computation of basic diluted EPS for the quarters ended September 30, 2018 and 2017:



	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the quarter ended September 30, 2018
Net income as reported	$	5,933,000
Basic EPS: Income available to common shareholders	5,933,000		10,785,528	$	0.55
Effect of dilutive securities: restricted stock			69,515
Diluted EPS: Income available to common shareholders plus assumed conversions	$	5,933,000	10,855,043	$	0.55
For the quarter ended September 30, 2017
Net income as reported	$	4,982,000
Basic EPS: Income available to common shareholders	4,982,000		10,751,630	$	0.46
Effect of dilutive securities: restricted stock			71,086
Diluted EPS: Income available to common shareholders plus assumed conversions	$	4,982,000	10,822,716	$	0.46