Note 5 - Net Income Per Common Share

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

5

.

Net

Income Per Common Share

Basic net income per common share is determined by dividing net income by the weighted average total number of common shares issued and outstanding.

There were

no

dilutive instruments at

September 3

0,

2017

and

2016.

Net income

per common share computations were as follows for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share data)	2017		2016		2017		2016
Net income, basic and diluted	$	5,312	$	4,324	$	13,123	$	14,060
Average common shares issued and outstanding, basic and diluted		7,514		7,505		7,512		7,503
Net income per common share, basic and diluted	$	.71	$	.58	$	1.75	$	1.87