Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

The following table sets forth the computation of basic and diluted earnings per share (EPS) for the six months ended June 30, 2019 and 2018:



	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the six months ended June 30, 2019
Net income as reported	$	12,551,000
Basic EPS: Income available to common shareholders	12,551,000		10,807,579	$	1.16
Effect of dilutive securities: restricted stock			74,769
Diluted EPS: Income available to common shareholders plus assumed conversions	$	12,551,000	10,882,348	$	1.15
For the six months ended June 30, 2018
Net income as reported	$	11,240,000
Basic EPS: Income available to common shareholders	11,240,000		10,776,680	$	1.04
Effect of dilutive securities: restricted stock			70,443
Diluted EPS: Income available to common shareholders plus assumed conversions	$	11,240,000	10,847,123	$	1.04

The following table sets forth the computation of basic diluted EPS for the quarters ended June 30, 2019 and 2018.



	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the quarter ended June 30, 2019
Net income as reported	$	6,395,000
Basic EPS: Income available to common shareholders	6,395,000		10,812,323	$	0.59
Effect of dilutive securities: restricted stock			75,577
Diluted EPS: Income available to common shareholders plus assumed conversions	$	6,395,000	10,887,900	$	0.59
For the quarter ended June 30, 2018
Net income as reported	$	5,734,000
Basic EPS: Income available to common shareholders	5,734,000		10,779,275	$	0.53
Effect of dilutive securities: restricted stock			70,443
Diluted EPS: Income available to common shareholders plus assumed conversions	$	5,734,000	10,849,718	$	0.53