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Earnings per Common Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share.  

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands, except per share data)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Basic Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

920

 

 

$

832

 

 

$

1,720

 

 

$

1,477

 

Weighted average common shares outstanding

 

 

4,074

 

 

 

4,149

 

 

 

4,063

 

 

 

4,145

 

Basic earnings per common share

 

$

0.23

 

 

$

0.20

 

 

$

0.42

 

 

$

0.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

920

 

 

$

832

 

 

$

1,720

 

 

$

1,477

 

Weighted average common shares outstanding

 

 

4,074

 

 

 

4,149

 

 

 

4,063

 

 

 

4,145

 

Effect of assumed exercise of stock options

 

 

109

 

 

 

84

 

 

 

105

 

 

 

81

 

Diluted weighted average common shares outstanding

 

 

4,183

 

 

 

4,233

 

 

 

4,168

 

 

 

4,226

 

Diluted earnings per common share

 

$

0.22

 

 

$

0.20

 

 

$

0.41

 

 

$

0.35