Earnings Per Share

6 Months Ended

Jun. 30, 2019

The following is a reconciliation of net income and shares outstanding to the income and number of share used to compute earnings per share for the periods indicated:



	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands, except per share)	2019		2018		2019		2018
Basic earnings per share:
Net income	$	6,601	$	4,762	$	13,165	$	11,026
Weighted-average common shares outstanding	16,017,089		13,432,775		16,008,325		13,425,557
Basic earnings per share	$	0.41	$	0.35	$	0.82	$	0.82
Diluted earnings per share:
Net income	$	6,601	$	4,762	$	13,165	$	11,026
Weighted-average commons shares outstanding	16,017,089		13,432,775		16,008,325		13,425,557
Diluted effect of stock options	312,950		195,902		294,949		182,277
Diluted weighted-average common shares outstanding	16,330,039		13,628,677		16,303,274		13,607,834
Diluted earnings per share	$	0.40	$	0.35	$	0.81	$	0.81

There were 15,000 of stock options excluded in computing diluted earnings per share because they were anti-dilutive for three and six months ended June 30, 2019. There were no stock options excluded in computing diluted earnings per share because they were anti-dilutive for three and six months ended June 30, 2018.