Note 3 - Earnings Per Common Share

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. For diluted earnings per share, net income is divided by the weighted average number of shares outstanding plus the incremental number of shares that would have been outstanding if dilutive potential common shares had been issued. The Company’s potential common stock equivalents consist of outstanding common stock options for 322,200 shares of Riverview common stock as of September 30, 2015 and September 30, 2014.

The following table presents the computation of earnings per share for the periods presented.

 

		Three Months ended September 30,
		Income Numerator				Common Shares Denominator				EPS
		(In thousands, except share data)
2015:
Basic EPS		$	622				2,710,803			$	0.23
Dilutive effect of potential common stock options							8,525
Diluted EPS		$	622				2,719,328			$	0.23
2014:
Basic EPS		$	659				2,706,123			$	0.25
Dilutive effect of potential common stock options							11,100
Diluted EPS		$	659				2,717,223			$	0.25

 

		Nine Months ended September 30,
		Income Numerator				Common Shares Denominator				EPS
		(In thousands, except share data)
2015:
Basic EPS		($	348	)			2,709,887			($	0.13	)
Dilutive effect of potential common stock options							8,855
Diluted EPS		($	348	)			2,718,742			($	0.13	)
2014:
Basic EPS		$	2,211				2,704,609			$	0.82
Dilutive effect of potential common stock options							7,615
Diluted EPS		$	2,211				2,712,224			$	0.82