Earnings per Common Share

3 Months Ended

Mar. 31, 2018

Basic earnings per common share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance.

The following table presents the computation of basic and diluted earnings per share for the three months ended March 31, 2018 and 2017 (dollars in thousands, except per share data):



	Three Months Ended
	March 31, 2018		March 31, 2017
(Numerator):
Net income	$	2,687	$	1,543
(Denominator):
Weighted average shares outstanding – basic	4,949,112		4,935,421
Potentially dilutive common shares – restricted stock units	3,261		2,204
Weighted average shares outstanding – diluted	4,952,373		4,937,625
Income per common share
Basic	$	0.54	$	0.31
Diluted	$	0.54	$	0.31