EARNINGS PER SHARE new

3 Months Ended

Mar. 31, 2018

EARNINGS PER SHARE [Abstract}

EARNINGS PER SHARE

10.    EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive.

A reconciliation of the shares used in the basic and diluted income per common share computation for the three months ended March 31, 2018 and 2017 is as follows:

	Three Months Ended
	March 31,
	2018	2017
Basic - weighted average shares outstanding	7,406,620	7,435,000
Dilutive restricted share units	-	1,764
Dilutive stock options	24,451	24
Diluted - weighted average shares outstanding	7,431,071	7,436,788
Anti-dilutive securities	83,250	83,537