Earnings Per Share

Basic earnings per common share represents net income divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance (excluding tax impact). Potential common shares that may be issued by the Company relate solely to outstanding stock options, determined using the treasury stock method, and restricted stock awards, determined by the fair value of the Company's stock on date of grant.

The following is a summary of the basic and diluted earnings per share computation (dollars in thousands, except for share data):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net income	$	9,121	$	3,932	$	13,852	$	7,346

Weighted average basic common shares outstanding	13,951,643		12,201,185		13,946,856		11,708,746
Effect of dilutive securities	94,857		119,313		89,934		113,751
Weighted average dilutive shares outstanding	14,046,500		12,320,498		14,036,790		11,822,497

Basic earnings per common share	$	0.65	$	0.32	$	0.99	$	0.63
Diluted earnings per common share	$	0.65	$	0.32	$	0.99	$	0.62

There were no antidilutive shares for the three and six month periods ended June 30, 2019 and 2018.