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

2018

2017

Numerator:

Net income per consolidated statements of income

$

1,420

$

813

Less: Allocation of earnings to participating securities

(11

)

(14

)

Net income allocated to common stock

1,409

799

Basic earnings per share computation:

Net income allocated to common stock

$

1,409

$

799

Weighted average common shares outstanding, including shares considered participating securities

7,890

7,851

Less: Weighted average participating securities outstanding

(71

)

(131

)

Weighted average shares of common stock

7,819

7,720

Basic earnings per share

$

0.18

$

0.10

Diluted earnings per share computation:

Net income allocated to common stock

$

1,420

$

799

Undistributed earnings re-allocated to participating securities

—

Numerator for diluted earnings per share

$

1,420

$

799

Weighted average common shares outstanding for basic earnings per share

7,819

7,720

Incremental shares from stock options

11

53

Weighted average shares and dilutive potential common shares

7,830

7,773

Diluted earnings per share

$

0.18

$

0.10