Earnings Per Common Share (EPS)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2019 and 2018.

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2019	2018	2019	2018
Net income	$      1,377,000	$      1,300,000	$      2,611,000	$      2,423,000
Weighted average number of shares	4,378,436	4,378,436	4,378,436	4,378,436
Restricted stock units/stock options affect of incremental shares	4,585	-	3,558	45
Weighted average diluted shares	4,383,021	4,378,436	4,381,994	4,378,481
Basic EPS (weighted avg shares)	$               0.31	$               0.30	$               0.60	$               0.55
Diluted EPS (Including incremental shares)	$               0.31	$               0.30	$               0.60	$               0.55

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