Three months ended

Nine months ended

Periods ended September 30, (in thousands, except per share data)

2018

2017

2018

2017

Net income

$

2,344

$

1,694

$

6,259

$

5,180

Less: Undistributed earnings allocated to participating securities

(33

)

(16

)

(73

)

(41

)

Net income allocated to common stock

$

2,311

$

1,678

$

6,185

$

5,139

Weighted average common shares issued

2,804

2,785

2,795

2,777

Less: Unvested restricted stock awards

(40

)

(26

)

(33

)

(22

)

Weighted average common shares outstanding used to calculate basic earnings per common share

2,764

2,759

2,762

2,755

Add: Dilutive effect of stock options

15

20

18

19

Weighted average common shares outstanding used to calculate diluted earnings per common share

2,779

2,780

2,774

Earnings per common share (basic)

$

0.84

$

0.61

$

2.24

$

1.87

Earnings per common share (diluted)

$

0.83

$

0.60

$

2.23

$

1.85