Earnings Per Share

9 Months Ended

Sep. 30, 2015

Note 2: Earnings Per Share

Earnings per share were computed as follows:



	Three Months Ended September 30,
	2015					2014
		Net Income	Weighted- Average Shares		Per-Share Amount		Net Income	Weighted- Average Shares		Per-Share Amount
Basic Earnings Per Share
Net income	$	3,225	7,394,061	$	0.44	$	2,751	7,178,055	$	0.38
Effect of Dilutive Securities
Stock options		-	168,438				-	229,089
Diluted Earnings Per Share
Net income available and assumed conversions	$	3,225	7,562,499	$	0.43	$	2,751	7,407,144	$	0.37



	Nine Months Ended September 30,
	2015					2014
		Net Income	Weighted- Average Shares		Per-Share Amount		Net Income	Weighted- Average Shares		Per-Share Amount
Basic Earnings Per Share
Net income	$	8,923	7,364,035	$	1.21	$	7,385	7,143,597	$	1.03
Effect of Dilutive Securities
Stock options		-	175,900				-	230,147
Diluted Earnings Per Share
Net income available and assumed conversions	$	8,923	7,539,935	$	1.18	$	7,385	7,373,744	$	1.00

Options to purchase 37,161 and 44,161 shares of common stock were outstanding at September 30, 2015 and 2014, respectively, but were not included in the computation of diluted EPS because the options’ exercise price was greater than the average market price of the common shares.