NOTE 6 – EARNINGS PER SHARE

A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and nine months ended September 30, 2017 and 2016 is presented below:

	Three Months Ended Sept 30,				Nine Months Ended Sept 30,
	2017		2016		2017		2016
Basic earnings per share
Income available to common stockholders	$	3,467	$	3,164	$	11,050	$	8,767
Weighted average common shares outstanding		10,661,157		10,626,185		10,653,594		10,508,809
Earnings per share	$	0.33	$	0.30	$	1.04	$	0.83

Diluted earnings per share
Income available to common stockholders	$	3,467	$	3,164	$	11,050	$	8,767
Weighted average common shares outstanding		10,661,157		10,626,185		10,653,594		10,508,809
Add dilutive effects of potential additional common stock		77,794		60,742		80,418		60,372
Weighted average common and dilutive potential common shares outstanding		10,738,951		10,686,927		10,734,012		10,569,181
Earnings per share assuming dilution	$	0.32	$	0.30	$	1.03	$	0.83

There were no stock options considered antidilutive for the three or nine months ended September 30, 2017 and 2016.

On December 9, 2016, Premier paid a 10% stock dividend (1 share for every 10 shares owned on record date) to shareholders of record on December 2, 2016. Outstanding shares and per share amounts prior to the payment date have been restated to reflect the additional shares issued as a result of the stock dividend to aid in the comparison to current period results.