Earnings Per Share

9 Months Ended

Sep. 30, 2016

The following shows the weighted-average number of shares used in computing earnings per share and the effect on weighted-average number of shares of diluted potential common stock. Nonvested restricted shares are included in basic earnings per share because of dividend participation rights. Potential dilutive common stock had no effect on income available to common stockholders.



	For the Three Months Ended September 30,
	2016			2015
	Shares	Per Share Amount		Shares	Per Share Amount
Earnings per share, basic	7,103,235	$	0.32	7,162,930	$	0.32
Effect of dilutive securities:
Stock options	11,694			6,487
Warrant	45,235			11,716
Earnings per share, diluted	7,160,164	$	0.32	7,181,133	$	0.32




	For the Nine Months Ended September 30,
	2016			2015
	Shares	Per Share Amount		Shares	Per Share Amount
Earnings per share, basic	7,092,131	$	0.98	7,146,495	$	0.99
Effect of dilutive securities:
Stock options	10,882			6,880
Warrant	36,193			13,167
Earnings per share, diluted	7,139,206	$	0.98	7,166,542	$	0.98

The warrant and none of the stock options were considered anti-dilutive as of September 30, 2016 and 2015.