Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.4.0.3
Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
(4) Earnings Per Share

Basic earnings per share ("EPS") has been computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for an assumed vesting of restricted stock awards.

   
Three months ended March 31,
  
   
2016
    
2015
  
Basic weighted average common shares outstanding
    
5,389,184
      
5,369,695
  
Effect of dilutive restricted stock awards
    
13,913
      
10,522
  
                 
Diluted weighted average common shares outstanding
    
5,403,097
      
5,380,217