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 September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net income	$	5,963	$	4,324	$	19,815	$	11,670

Weighted average basic common shares outstanding	13,955,859		12,718,861		13,949,325		12,049,151
Effect of dilutive securities	97,573		98,695		89,089		94,687
Weighted average dilutive shares outstanding	14,053,432		12,817,556		14,038,414		12,143,838

Basic earnings per common share	$	0.43	$	0.34	$	1.42	$	0.97
Diluted earnings per common share	$	0.42	$	0.34	$	1.41	$	0.96

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