(ae) Earnings per share:
Basic earnings per share is determined by dividing net income for the year attributable to the Bank by the average weighted number of shares in circulation during that year.
Diluted earnings per share is determined in a similar manner as basic earnings per share, but the average weighted number of shares in circulation is adjusted to account for the dilutive effect of stock options, warrants and convertible debt. As of December 31, 2016 and 2017, the Bank does not have any instruments or contracts that could cause dilutions. Therefore, no adjustments have been made.