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Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 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.

 

 

 

Years ended

 

 

 

December 31,

 

(In thousands, except per share data)

 

2017

 

 

2016

 

Basic Earnings Per Common Share

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

3,491

 

 

$

3,256

 

Weighted average common shares outstanding

 

 

4,081

 

 

 

4,105

 

Basic earnings per common share

 

$

0.86

 

 

$

0.79

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

3,491

 

 

$

3,256

 

Weighted average common shares outstanding

 

 

4,081

 

 

 

4,105

 

Effect of assumed exercise of stock options

 

 

108

 

 

 

85

 

Diluted weighted average common shares outstanding

 

 

4,189

 

 

 

4,190

 

Diluted earnings per common share

 

$

0.83

 

 

$

0.78