Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30,		Six Months Ended June 30,
	2018	2017	2018	2017

Weighted average common shares outstanding	12,317,546	12,283,746	12,311,810	12,276,689
Dilutive effect of employee stock options and nonvested share awards	-	-	-	-
Weighted average diluted common shares outstanding	12,317,546	12,283,746	12,311,810	12,276,689

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 June 30, 2018 and 2017, 350,644 and 497,917 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive. For the six months ended June 30, 2018 and 2017, 353,124 and 507,628 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive.