Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following table presents a reconciliation of the components used to compute basic and diluted EPS for the periods indicated. 
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands, except share data)
Net income
$
8,892

 
$
9,160

 
$
10,687

Earnings allocated to participating securities
(21
)
 
(31
)
 
(52
)
Earnings allocated to common shareholders
$
8,871

 
$
9,129

 
$
10,635

 
 
 
 
 
 
Basic weighted-average common shares outstanding
11,868,278

 
13,528,393

 
14,747,086

Dilutive effect of stock options
143,605

 
136,670

 
116,624

Dilutive effect of restricted stock grants
16,545

 
20,919

 
23,488

Diluted weighted-average common shares outstanding
12,028,428

 
13,685,982

 
14,887,198

 
 
 
 
 
 
Basic earnings per share
$
0.75

 
$
0.67

 
$
0.72

Diluted earnings per share
$
0.74

 
$
0.67

 
$
0.71



Potential dilutive shares are excluded from the computation of EPS if their effect is anti-dilutive. Options to purchase an additional 60,000, 225,000, and 205,000 shares were not included in the computation of diluted EPS at December 31, 2016, 2015, and 2014, respectively, because the incremental shares under the treasury stock method of calculation resulted in them being antidilutive.