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4. Net Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
4. Net Earnings Per Share

Net earnings per share is based on the weighted average number of shares outstanding during the period while the effects of potential shares outstanding during the period are included in diluted earnings per share.  The average market price during the year is used to compute equivalent shares.

 

The reconciliation of the amounts used in the computation of both "basic earnings per share" and "diluted earnings per share" for the three months ended March 31, 2016 and 2015 is as follows:

 

For the three months ended March 31, 2016          
 

Net Earnings

 (Dollars in
thousands)

   Shares  

Per Share

Amount

           
Basic earnings per share $ 2,453   5,510,538   $ 0.45
Effect of dilutive securities:              
Restricted stock units   -   62,599      
Diluted earnings per share $ 2,453   5,573,137   $ 0.44

   

For the three months ended March 31, 2015          
 

Net Earnings

(Dollars in thousands)

   Shares  

Per Share

Amount

           
Basic earnings per share $ 2,328   5,612,588   $ 0.41
Effect of dilutive securities:              
Restricted stock units   -   38,470      
Diluted earnings per share $ 2,328   5,651,058   $ 0.41