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. Basic earnings per share amounts are computed by dividing the net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted earnings per share amounts assume the conversion, exercise or issuance of all potential common stock instruments unless the effect is to reduce the loss or increase the income per common share from continuing operations. For both computations, the weighted average number of unearned ESOP shares purchased by the ESOP, which have not been allocated to participant accounts, are not assumed to be outstanding. The weighted average unearned ESOP shares which were excluded from the computation were 140,542 and 70,267 for the three and six months ended June 30, 2017, respectively. All ESOP shares were allocated for periods prior to April 1, 2017.


	For the three months ended								For the six months ended
	June 30, 2017				June 30, 2016				June 30, 2017				June 30, 2016
	Average Shares		Per share Amount		Average Shares		Per share Amount		Average Shares		Per share Amount		Average Shares		Per share Amount
Basic earnings per share		9,233,615	$	0.06		4,774,856	$	0.12		7,017,907	$	0.05		4,774,856	$	0.23
Effect of dilutive securities:
Stock options		71,181				19,927				66,523				17,718

Diluted earnings per share		9,304,796	$	0.06		4,794,783	$	0.12		7,084,430	$	0.05		4,792,574	$	0.23

For the three months ended June 30, 2017 and 2016, options on 15,758 and 46,135 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive. For the six months ended June 30, 2017 and 2016, options on 22,758 and 53,635 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive.