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4. Net Earnings Per Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2016 and 2015 is as follows:

For the three months ended June 30, 2016
		Net Earnings (Dollars in thousands)				Shares				Per Share Amount
Basic earnings per share		$	2,964				5,510,538			$	0.54
Effect of dilutive securities:
Restricted stock units			-				67,660
Diluted earnings per share		$	2,964				5,578,198			$	0.53
For the six months ended June 30, 2016
		Net Earnings (Dollars in thousands)				Shares				Per Share Amount
Basic earnings per share		$	5,418				5,510,538			$	0.98
Effect of dilutive securities:
Restricted stock units			-				65,129
Diluted earnings per share		$	5,418				5,575,667			$	0.97

For the three months ended June 30, 2015
		Net Earnings (Dollars in thousands)				Shares				Per Share Amount
Basic earnings per share		$	2,624				5,574,915			$	0.47
Effect of dilutive securities:
Restricted stock units			-				44,910
Diluted earnings per share		$	2,624				5,619,825			$	0.47

For the six months ended June 30, 2015
		Net Earnings (Dollars in thousands)				Shares				Per Share Amount
Basic earnings per share		$	4,952				5,593,648			$	0.89
Effect of dilutive securities:
Restricted stock units			-				41,708
Diluted earnings per share		$	4,952				5,635,356			$	0.88

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

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