Earnings per share

3 Months Ended

Mar. 31, 2017

Note 9: 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
	March 31, 2017					March 31, 2016
	Average		Per share			Average		Per share
	Shares		Amount			Shares		Amount
Basic earnings per share		4,776,800	$	(0.04	)		4,774,856	$	0.11
Effect of dilutive securities:
Stock options		—					16,283

Diluted earnings per share		4,776,800	$	(0.04	)		4,791,139	$	0.11

For the three months ended March 31, 2017 and 2016, options on 91,368 and 68,473 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive.