EARNINGS PER SHARE new

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2018 and 2017 is as follows:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2018	2017	2018	2017
Basic - weighted average shares outstanding	7,418,028	7,437,913	7,411,670	7,438,061
Dilutive restricted share units	2,267	4,339	966	3,123
Dilutive stock options	60,045	749	41,128	194
Diluted - weighted average shares outstanding	7,480,340	7,443,001	7,453,764	7,441,378
Anti-dilutive securities	-	37,361	39,500	87,180