EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2018

NOTE 9. EARNINGS PER SHARE

Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period, including shares held in treasury on behalf of participants in the Company's Directors Fee Deferral Plan. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants, none of which were antidilutive.

	Three Months Ended June 30,		Six Months Ended June 30,
	2018	2017	2018	2017
Weighted average shares outstanding for basic earnings per common share	25,293,329	25,183,186	25,275,471	25,167,799
Dilutive effect of stock options, awards and warrants	415,887	436,791	429,034	450,753
Weighted average shares outstanding for diluted earnings per common share	25,709,216	25,619,977	25,704,505	25,618,552

Basic earnings per common share	$0.80	$0.61	$1.52	$1.19
Diluted earnings per common share	$0.78	$0.60	$1.50	$1.17