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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:







 

 

 

 

 

(Dollars in thousands, except earnings per share data)

Three Months Ended September 30,



2018

 

2017

Net income

$

1,385 

 

$

1,206 

Weighted-average common shares outstanding

 

5,094 

 

 

4,768 

Basic earnings per share

$

0.27 

 

$

0.25 



 

 

 

 

 

Weighted-average common shares outstanding

 

5,094 

 

 

4,768 

Common stock equivalents due to effect of stock options

 

26 

 

 

11 

Total weighted-average common shares and equivalents

 

5,120 

 

 

4,779 

Diluted earnings per share

$

0.27 

 

$

0.25 







 

 

 

 

 



Nine Months Ended September 30,



2018

 

2017

Net income

$

4,281 

 

$

3,959 

Weighted-average common shares outstanding

 

4,952 

 

 

4,764 

Basic earnings per share

$

0.86 

 

$

0.83 



 

 

 

 

 

Weighted-average common shares outstanding

 

4,952 

 

 

4,764 

Common stock equivalents due to effect of stock options

 

21 

 

 

Total weighted-average common shares and equivalents

 

4,973 

 

 

4,773 

Diluted earnings per share

$

0.86 

 

$

0.83