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4. Net Earnings Per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2016 and 2015 is as follows:

For the three months ended September 30, 2016
		Net Earnings (Dollars in  thousands)				Weighted Average Number of Shares				Per Share Amount
Basic earnings per share		$	2,458				5,470,826			$	0.45
Effect of dilutive securities:
Restricted stock units			-				74,042
Diluted earnings per share		$	2,458				5,544,868			$	0.44

For the nine months ended September 30, 2016
		Net Earnings (Dollars in thousands)				Weighted Average Number of Shares				Per Share Amount
Basic earnings per share		$	7,875				5,497,204			$	1.43
Effect of dilutive securities:
Restricted stock units			-				68,122
Diluted earnings per share		$	7,875				5,565,326			$	1.42

For the three months ended September 30, 2015
		Net Earnings (Dollars in thousands)				Weighted Average Number of Shares				Per Share Amount
Basic earnings per share		$	2,493				5,534,581			$	0.45
Effect of dilutive securities:
Restricted stock units			-				52,861
Diluted earnings per share		$	2,493				5,587,442			$	0.45

For the nine months ended September 30, 2015
		Net Earnings (Dollars in thousands)				Weighted Average Number of Shares				Per Share Amount
Basic earnings per share		$	7,445				5,573,743			$	1.34
Effect of dilutive securities:
Restricted stock units			-				45,466
Diluted earnings per share		$	7,445				5,619,209			$	1.32

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- References

No definition available.

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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=64863997&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=64863997&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=65016374&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=63488584&loc=d3e20235-122688

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