Earnings per share

9 Months Ended

Sep. 30, 2016

Note 7: Earnings per share

The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock.


	For the three months ended								For the nine months ended
	September 30, 2016				September 30, 2015				September 30, 2016				September 30, 2015
	Average		Per share		Average		Per share		Average		Per share		Average		Per share
	Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount
Basic earnings per share		4,774,856	$	0.18		4,780,649	$	0.06		4,774,856	$	0.41		4,797,405	$	0.20
Effect of dilutive securities:
Stock options		22,665				15,359				18,291				13,724

Diluted earnings per share		4,797,521	$	0.18		4,796,008	$	0.06		4,793,147	$	0.41		4,811,129	$	0.20

For the three months ended September 30, 2016 and 2015, options on 33,451 and 60,973 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive. For the nine months ended September 30, 2016 and 2015, options on 47,041 and 68,473 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive.