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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings (loss) per share:  
Schedule of Earnings (Loss) Per Share, Basic and Diluted

The shares used in the calculation of basic and diluted earnings per share are shown below:

 

    Three months ended     Nine months ended  
(Dollars in thousands, except per share amounts)   September 30,     September 30,  
    2018     2017     2018     2017  
Net earnings (loss)   $ 3,020     $ (2,661 )   $ 7,964     $ 1,927  
                                 
Weighted average common shares outstanding - basic (1)     4,158,016       4,066,470       4,136,091       4,064,629  
Assumed exercise of stock options (1)     16,996       -       16,324       77,840  
Weighted average common shares outstanding - diluted (1)     4,175,012       4,066,470       4,152,415       4,142,469  
Net earnings (loss) per share (1):                                
Basic   $ 0.73     $ (0.65 )   $ 1.93     $ 0.47  
Diluted   $ 0.72     $ (0.65 )   $ 1.92     $ 0.47  

 

(1) Share and per share values for the periods ended September 30, 2017 have been adjusted to give effect to the 5% stock dividend paid during December 2017.