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Earnings Per Share

6 Months Ended

Jun. 30, 2020

Note 15 – 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,
	2020	2019	2020	2019

Weighted average common shares outstanding	12,405,011	12,352,271	12,385,946	12,344,684
Dilutive effect of employee stock options and nonvested share awards	-	-	-	-
Weighted average diluted common shares outstanding	12,405,011	12,352,271	12,385,946	12,344,684

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, 2020 and 2019, 1,107,304 and 707,395 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, 2020 and 2019, 1,076,577 and 668,370 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive.