Earnings Per Common Share

6 Months Ended

Jun. 30, 2013

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 added as a result of converting common stock equivalents. Riverview’s common stock equivalents consist of outstanding common stock options, for 179,250 shares of Riverview common stock as of June 30, 2013 and June 30, 2012. There was intrinsic value associated with all of the stock options outstanding at June 30, 2013 because the exercise prices for the options were lower than the trading price of the stock.

The following table presents the amounts used in computing earnings per share the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except share data)	2013		2012		2013		2012
Net income applicable to common stock	$	561	$	394	$	1,044	$	1,291

Weighted-average common shares outstanding		1,716,316		1,721,204		1,716,316		1,721,511
Effect of dilutive securities, stock options		1,521		3,638		3,203		6,300

Weighted-average common shares outstanding used to calculate diluted earnings per share		1,717,837		1,724,842		1,719,519		1,727,811
Basic earnings per share	$	0.33	$	0.23	$	0.61	$	0.75
Diluted earnings per share	$	0.33	$	0.23	$	0.61	$	0.75

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Riverview Financial Corp 10-Q/A