(2) Earnings per Common Share
Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period reduced by unearned ESOP Plan shares and treasury shares. Diluted earnings per common share takes into account the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock and if restricted stock awards were vested. The effects of stock options are exc luded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive.
Three Months Ended
(dollars in thousands, except per share data)
Net income available to common stockholders
Denominator for basic earnings per share
Weighted average shares outstanding
Average unearned ESOP shares
Basic weighted averages shares outstanding
Effect of dilutive common shares
Denominator for diluted earnings per share - adjusted weighted average shares outstanding
Basic earnings per share
Diluted earnings per share
Antidilutive shares excluded from computation of average dilutive earnings per share
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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