Earnings Per Common Share (EPS)

3 Months Ended

Mar. 31, 2019

Earnings Per Common Share (EPS) [Abstract]

Earnings Per Common Share (EPS)

Note 3 – Earnings Per Common Share (EPS)

The following is a summary of the earnings per share calculation for the three months ended March 31, 2019 and 2018.

	Three Months Ended
	March 31,
	2019	2018
Net income	$      1,234,000	$      1,123,000
Weighted average number of shares	4,378,436	4,378,436
Restricted stock units/stock options affect of incremental shares	2,523	90
Weighted average diluted shares	4,380,959	4,378,526
Basic EPS (weighted avg shares)	$               0.28	$               0.26
Diluted EPS (Including incremental shares)	$               0.28	$               0.26

No restricted stock units or stock options were excluded in calculating diluted earnings per share for any of the periods presented.