Average Shares Outstanding

6 Months Ended

Jun. 30, 2017

Average Shares Outstanding

Average Shares Outstanding

Note 2 — Average Shares Outstanding

The average number of shares outstanding for six months 2017 reflects stock purchases of 536 shares for $20,140 and a 3% stock dividend of 1,850 shares distributed on April 17, 2017. The average number of shares outstanding for six months 2016 reflects stock purchases of 283 shares for $9,166 and a 3% stock dividend of 1,819 shares distributed on April 8, 2016.