Earnings Per Share

3 Months Ended

Sep. 30, 2017

2. Earnings Per Share

Diluted earnings per share is computed taking into consideration common shares outstanding and dilutive potential common shares to be issued or released under the Company’s share-based compensation plans. The factors used in the basic and diluted earnings per share computations follow:

	Three months ended September 30,
(in thousands)	2017		2016
Net income allocated to common shareholders, basic and diluted	$	280	$	297

	Three months ended September 30,
	2017		2016
Weighted average common shares outstanding, basic and diluted		8,359,607		8,335,931

There were no stock option shares outstanding for the three month periods ended September 30, 2017 and 2016.