Earnings Per Share

3 Months Ended

Mar. 31, 2019

Note 15 – Earnings Per Share

Shares used in the computation of the Company’s basic and diluted earnings per common share are reconciled as follows:



	Three Months Ended March 31,
	2019	2018

Weighted average common shares outstanding	12,337,013	12,306,011
Dilutive effect of employee stock options and nonvested share awards	-	-
Weighted average diluted common shares outstanding	12,337,013	12,306,011

Weighted average diluted common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and the assumed vesting of nonvested share awards. For the three months ended March 31, 2019 and 2018, 628,912 and 355,631 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive.