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Earnings Per Share (Tables)

3 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per share


		Three months ended June 30, (In thousands, except per share amounts)
		2017				2016
Numerator:
Net income per consolidated statements of income		$	813			$	2,903
Less: Allocation of earnings to participating securities			(14	)			(30	)

Net income allocated to common stock			799				2,873

Basic earnings per share computation:
Net income allocated to common stock		$	799			$	2,873

Weighted average common shares outstanding, including shares considered participating securities			7,851				7,753
Less: Weighted average participating securities outstanding			(131	)			(81	)

Weighted average shares of common stock			7,720				7,672

Basic earnings per share		$	0.10			$	0.37

Diluted earnings per share computation:
Net income allocated to common stock		$	799			$	2,873
Undistributed earnings re-allocated to participating securities			—				—

Numerator for diluted earnings per share		$	799			$	2,873

Weighted average common shares outstanding for basic earnings per share			7,720				7,672
Incremental shares from stock options			53				60

Weighted average shares and dilutive potential common shares			7,773				7,732

Diluted earnings per share		$	0.10			$	0.37