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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings per share:

Schedule of Earnings Per Share, Basic and Diluted

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

		Three months ended
(Dollars in thousands, except per share amounts)		March 31,
		2019				2018
Net earnings		$	2,183			$	2,099
Weighted average common shares outstanding - basic (1)			4,372,116				4,313,203
Assumed exercise of stock options (1)			14,177				45,328
Weighted average common shares outstanding - diluted (1)			4,386,293				4,358,531
Net earnings per share (1):
Basic		$	0.50			$	0.49
Diluted		$	0.50			$	0.48

(1) Share and per share values for the period ended March 31, 2018 have been adjusted to give effect to the 5% stock dividend paid during December 2018.

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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