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Earnings Per Common Share (EPS)
 12 Months Ended
Dec. 31, 2017
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:



 

 

 



2017

 

2016

Numerator:

 

 

 

Net income available to stockholders

 $2,922 

 

 $3,286 



 

 

 

Basic EPS weighted average shares outstanding

 4,378,436 

 

 4,378,436 

Effect of dilutive securities:

 

 

 

Incremental shares attributable to stock options

 85 

 

 6 



 

 

 

Diluted EPS weighted-average shares outstanding

 4,378,521 

 

 4,378,442 



 

 

 

Basic earnings per common share

 $0.67 

 

 $0.75 

Diluted earnings per common share

 $0.67 

 

 $0.75 



No option shares were excluded from the 2017 and 2016 earnings per share calculations because they are anti-dilutive.