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Earnings Per Share | 12 Months Ended
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Dec. 31, 2019
EARNINGS PER SHARE |
Earnings Per Share | NOTE 13 - EARNINGS PER SHARE ﻿ The following table sets forth the computations of basic and diluted earnings per share: ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | Years Ended December 31,
﻿ | 2019 |  | 2018
﻿ | (In Thousands, Except Per Share Data)
﻿ |  |  |  |  |
﻿Numerator, net income | $ | 14,215 |  | $ | 13,651
﻿ |  |  |  |  |
﻿Denominator: |  |  |  |  |
﻿Weighted average shares outstanding |  | 6,295 |  |  | 6,263
﻿Less: Weighted average unvested restricted shares |  | (35) |  |  | (31)
﻿Denominator: Basic earnings per share |  | 6,260 |  |  | 6,232
﻿ |  |  |  |  |
﻿Weighted average shares outstanding, basic |  | 6,260 |  |  | 6,232
﻿Add: Dilutive effect of stock options and restricted stock |  | 72 |  |  | 58
﻿Denominator: Diluted earnings per share |  | 6,332 |  |  | 6,290
﻿ |  |  |  |  |
﻿Basic earnings per common share | $ | 2.27 |  | $ | 2.19
﻿ |  |  |  |  |
﻿Diluted earnings per common share | $ | 2.25 |  | $ | 2.17
﻿ Stock options which had no intrinsic value because their effect would be anti-dilutive, and therefore would not be included in the diluted EPS calculation, were zero for both years ended December 31, 2019 and 2018, based on the clo sing price of the Company’s common stock which was $38.90 and $33.00 as of December 31, 2019 and 2018, respectively. All share and per share information has been restated to reflect the 50% stock dividend declared in 2017.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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