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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 2 – Earnings Per Share
 
Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share:
 
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
 
June 30,
 
June 30,
 
(In thousands, except per share data)
 
2016
 
2015
 
2016
 
2015
 
Net income
 
$
2,272
 
$
1,627
 
$
4,732
 
$
3,036
 
Weighted average shares outstanding - Basic
 
 
12,648
 
 
12,629
 
 
12,642
 
 
12,627
 
Dilutive effect of common stock equivalents
 
 
17
 
 
9
 
 
15
 
 
9
 
Weighted average shares outstanding - Diluted
 
 
12,665
 
 
12,638
 
 
12,657
 
 
12,636
 
Earnings per common share - Basic
 
$
0.18
 
$
0.13
 
$
0.37
 
$
0.24
 
Earnings per common share - Diluted
 
$
0.18
 
$
0.13
 
$
0.37
 
$
0.24
 
 
There were no weighted average common stock equivalents excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2016 and 2015.