Earnings Per Common Share (EPS)

12 Months Ended

Dec. 31, 2019

Earnings Per Common Share (EPS) [Abstract]

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.

Note 13 – Earnings per common share (EPS) (continued)

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


	Years ended December 31,
	2019	2018
Numerator:
Net income available to stockholders	$5,605	$5,302

Basic EPS weighted average shares outstanding	4,375,814	4,378,436
Effect of dilutive securities:
Incremental shares attributable to stock options	5,783	23

Diluted EPS weighted-average shares outstanding	4,381,597	4,378,459

Basic earnings per common share	$1.28	$1.21
Diluted earnings per common share	$1.28	$1.21

No potentially dilutive shares were excluded from the 2019 and 2018 earnings per share calculations because they were anti-dilutive.