Earnings Per Common Share

6 Months Ended

Jun. 30, 2018

EARNINGS PER COMMON SHARE

(Share amounts in thousands)

The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Numerator for basic and diluted earnings per common share:
Net income	$	4,940	$	3,024	$	2,918	$	602
Denominator:
Weighted average shares outstanding	10,365		10,335		10,358		10,327
Denominator for basic earnings per common share	10,365		10,335		10,358		10,327
Effect of dilutive securities:
Stock compensation plans	119		148		119		200
Dilutive potential common shares	119		148		119		200
Denominator for diluted earnings per common share - adjusted weighted average shares outstanding	10,484		10,483		10,477		10,527
Basic earnings per common share	$	0.48	$	0.29	$	0.28	$	0.06
Diluted earnings per common share	$	0.47	$	0.29	$	0.28	$	0.06