Average Shares Outstanding

3 Months Ended

Mar. 31, 2018

Average Shares Outstanding

Average Shares Outstanding

Note 2 — Average Shares Outstanding

The average number of shares outstanding for three months 2018 reflects stock purchases of 361 shares for $12,498 and a 3% stock dividend of 1,869 shares distributed on April 6, 2018. The average number of shares outstanding for three months 2017 reflects stock purchases of 260 shares for $9,985 and a 3% stock dividend of 1,847 shares distributed on April 17, 2017.