XML 21 R10.htm IDEA: XBRL DOCUMENT v3.19.1
Earnings Per Common Share
3 Months Ended
Mar. 31, 2019
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

Note 2 – Earnings Per Common Share



Basic earnings per common share is derived by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period and does not include the effect of any potentially dilutive common stock equivalents.  Diluted earnings per share is derived by dividing net income available to common shareholders by the weighted-average number of shares outstanding, adjusted for the dilutive effect of outstanding common stock equivalents.  No common stock equivalents were outstanding at March 31, 2019.



The following tables set forth the calculation of basic and diluted earnings per common share for the three-month periods ended March 31, 2019 and 2018:





 

 

 

 

 

 

 

 

 

 



Three months ended March 31,



2019

2018



 

Average

Per Share

 

Average

Per Share

(in thousands, except for per share amount)

Income

Shares

Amount

Income

Shares

Amount

Basic and Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

Net income

$

3,151  7,088 

$

0.44 

$

2,506  7,067 

$

0.35