Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER COMMON SHARE

v3.7.0.1
EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2017
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 8 - EARNINGS PER COMMON SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per common share for the three month periods ended March 31, 2017 and 2016 are as follows (dollars in thousands, except per share data):
 
   
Three Months
Ended
March 31,
2017
    
Three Months
Ended
March 31,
2016
  
Net income available to common shares
  
$
4,460
    
$
3,495
  
                 
Weighted average shares outstanding, including participating stock awards - Basic
    
33,941,010
      
33,925,113
  
                 
Dilutive potential common shares:
                
Stock options
    
7,574
      
---
  
Stock warrants
    
---
      
---
  
Weighted average shares outstanding - Diluted
    
33,948,584
      
33,925,113
  
Basic earnings per common share
  
$
0.13
    
$
0.10
  
Diluted earnings per common share
  
$
0.13
    
$
0.10
  

Stock options for 101,473 shares of common stock for the three month period ended March 31, 2016, were not considered in computing diluted earnings per share because they were antidilutive. There were no antidilutive shares of common stock at March 31, 2017.