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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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:

 

       
(Dollars in thousands, except per share amounts) 

Three months ended
June 30,

   Six months ended
June 30,
 
   2019   2018   2019   2018 
Net earnings(1)  $2,598   $2,845   $4,781   $4,944 
                     
Weighted average common shares outstanding - basic (1)   4,372,116    4,348,989    4,372,116    4,331,194 
Assumed exercise of stock options (1)   14,728    19,627    14,296    19,472 
Weighted average common shares outstanding - diluted (1)   4,386,844    4,368,616    4,386,412    4,350,666 
Net earnings per share (1):                    
Basic  $0.59   $0.65   $1.09   $1.14 
Diluted  $0.59   $0.65   $1.09   $1.14 

 

(1) Share and per share values for the periods ended June 30, 2018 have been adjusted to give effect to the 5% stock dividend paid during December 2018.