NOTE 6 - EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 6 - EARNINGS PER SHARE

The following information was used in the computation of EPS on a basic and diluted basis:

	Three months ended
	March 31,
		2019		2018
	(dollars in thousands, except share data)
Net income	$	12,918	$	10,550
Basic EPS	$	0.82	$	0.76
Diluted EPS	$	0.81	$	0.74
Weighted average common shares outstanding		15,693,345		13,888,661
Weighted average common shares issuable upon exercise of stock options and
under the employee stock purchase plan		229,595		316,923
Weighted average common and common equivalent shares outstanding		15,922,940		14,205,584

The increase in weighted average common shares outstanding when comparing the three months ended March 31, 2019 to March 31, 2018 was primarily due to the common stock issuance as a result of the merger with Springfield Banshares as discussed in Note 2 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.