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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 14 – EARNINGS PER SHARE

The following table sets forth the computations of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Income

 

Shares

 

Per Share

(In thousands, except share and per share data)

(Numerator)

 

(Denominator)

 

Amount

 

 

 

 

 

 

 

 

Year Ended December 31, 2013:

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

Net income applicable to common shareholders

$
1,428 

 
3,781,562 

 

$
0.38 

Effect of dilutive securities:

 

 

 

 

 

 

 

Nonvested stock awards

 

-

 
35,342 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

Net income applicable to common shareholders and assumed conversions

$
1,428 

 
3,816,904 

 

$
0.37 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2012:

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

Net income applicable to common shareholders

$
735 

 
3,261,809 

 

$
0.23 

Effect of dilutive securities:

 

 

 

 

 

 

 

Nonvested stock awards

 

-

 
25,208 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

Net income applicable to common shareholders and assumed conversions

$
735 

 
3,287,017 

 

$
0.22 

 

There were 39,649 and 63,551 shares of unvested restricted stock awards and options outstanding during December 31, 2013 and 2012, respectively, that were not included in the computation of diluted EPS because to do so would have been anti-dilutive for the periods presented.