Net Income per Common Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

Net income per common share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed similarly but includes the effect of the assumed exercise of dilutive stock options and restricted stock under the treasury stock method.

The computation of basic and diluted net income per common share is as follows:

	December 31,
	2013		2012
Net income	$	6,866,000	$	8,190,000
Weighted average common shares outstanding — basic	7,220,000		7,104,000
Effect of dilutive securities	215,000		275,000
Weighted average common and potentially issuable common shares outstanding — diluted	7,435,000		7,379,000
Basic net income per common share	$	0.95	$	1.15
Diluted net income per common share	$	0.92	$	1.11

At December 31, 2013 and 2012, all unexercised stock options were included in diluted earnings per share.