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Earnings Per Common Share (EPS)
 12 Months Ended
Dec. 31, 2016
Earnings Per Common Share (EPS) [Abstract]  
Earnings Per Common Share (EPS)

Note 13 –  Earnings per common share (EPS)



Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of common stock that then shared in the earnings of the entity. 

The basic and diluted earnings per share calculations are as follows:



2016

 

2015

Numerator:

 

 

 

Net income available to stockholders

 $3,286 

 

 $3,692 



 

 

 

Basic EPS weighted average shares outstanding

 4,378,436 

 

 3,451,409 

Effect of dilutive securities:

 

 

 

Incremental shares attributable to stock options

 6 

 

-



 

 

 

Diluted EPS weighted-average shares outstanding

 4,378,442 

 

 3,451,409 



 

 

 

Basic earnings per common share

 $0.75 

 

 $1.07 

Diluted earnings per common share

 $0.75 

 

 $1.07 



No option shares were excluded from the 2016 earnings per share calculation.  At December 31, 2015, 636 option shares were excluded from the 2015 earnings per share calculations because their effects were anti-dilutive.