Earnings Per Share

3 Months Ended

Mar. 31, 2018

Note 14 – Earnings Per Share

Shares used in the computation of the Company’s basic and diluted earnings per common share are reconciled as follows:



	Three Months Ended March 31,
	2018	2017

Weighted average common shares outstanding	12,306,011	12,269,555
Dilutive effect of employee stock options and nonvested share awards	-	-
Weighted average diluted common shares outstanding	12,306,011	12,269,555

Weighted average diluted common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and the assumed vesting of nonvested share awards. For the three months ended March 31, 2018 and 2017, 355,631 and 517,448 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive.