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Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

6.   Earnings Per Common Share

Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are excluded for earnings per share purposes. For the three-month period ending March 31, 2019, options to purchase 12,000 common shares, with an exercise price of  $4.19 to $4.22, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be antidilutive.

		Three months ended March 31,
		2019				2018
		(In thousands, except per share data)
Numerator:
Net income		$	1,878			$	1,767
Denominator:
Weighted average common shares outstanding (basic)			17,578				18,079
Effect of stock options			86				102
Weighted average common shares outstanding (diluted)			17,664				18,181
Earnings per common share:
Basic		$	0.11			$	0.10
Diluted			0.11				0.10

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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