Three months ended
June 30,
(In thousands, except per
share amounts)

2016

2015

Numerator:

Net income per consolidated statements of income

$

2,903

$

3,670

Less: Allocation of earnings to participating securities

(30

)

—

Net income allocated to common stock

2,873

$

3,670

Basic earnings per share computation:

Net income allocated to common stock

$

2,873

$

3,670

Weighted average common shares outstanding, including shares considered participating securities

7,753

7,616

Less: Weighted average participating securities outstanding

(81

)

—

Weighted average shares of common stock

7,672

7,616

Basic earnings per share

$

0.37

0.48

Diluted earnings per share computation:

Net income allocated to common stock

$

2,873

$

3,670

Undistributed earnings re-allocated to participating securities

0

—

Net income allocated to common stock

$

2,873

$

3,670

Weighted average common shares outstanding for basic earnings per share

7,672

7,616

Incremental shares from stock options

60

127

Weighted average shares and dilutive potential common shares

7,732

7,743

Diluted earnings per share

$

0.37

$

0.47