Three Months Ended
Mar. 31,

($ and outstanding shares in thousands - except per share data)

2019

2018

Distributed earnings allocated to common shares

$

556

$

486

Undistributed earnings allocated to common shares

1,422

1,720

Net earnings allocated to common shares

1,978

2,206

Net earnings allocated to participating securities

4

3

Dividends on convertible preferred shares

244

Net Income allocated to common shares and participating securities

$

2,226

$

2,453

Weighted average shares outstanding for basic earnings per share

6,482

5,519

Dilutive effect of stock compensation

37

72

Dilutive effect of convertible shares

1,475

1,464

Weighted average shares outstanding for diluted earnings per share

7,994

7,055

Basic earnings per common share

$

0.31

$

0.40

Diluted earnings per common share

$

0.28

$

0.35