Basic and Diluted Earnings Per Share

12 Months Ended

Dec. 31, 2016

Basic and Diluted Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share Text Block

NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share is computed by dividing net earnings by the weighted average common shares outstanding for the year. Diluted net earnings per share reflect the potential dilution that could occur upon exercise of securities or other rights for, or convertible into, shares of the Company’s common stock. As of December 31, 2016 and 2015, respectively, the Company had no such securities or other rights issued or outstanding, and therefore, no dilutive effect to consider for the diluted net earnings per share calculation.

The basic and diluted net earnings per share computations for the respective years are presented below.

			Year ended December 31
(Dollars in thousands, except share and per share data)			2016		2015
Basic and diluted:
Net earnings		$	8,150	$	7,858
Weighted average common shares outstanding			3,643,504		3,643,428
	Net earnings per share	$	2.24	$	2.16