Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 6: Earnings Per Share

Basic earnings per common share is computed based upon the weighted-average number of common shares outstanding during the period, less shares in the Company’s Employee Stock Ownership Plan (“ESOP”) that are unallocated and not committed to be released. Diluted earnings per common share include the dilutive effect of all additional potential common shares issuable under the Company’s stock option plan. The computations are as follows:

	Three months ended March 31,
	2014		2013
Weighted-average common shares outstanding (basic)		2,793,103		2,902,644
Dilutive effect of assumed exercise of stock options		—		—
Weighted-average common shares outstanding (diluted)		2,793,103		2,902,644

There were no options outstanding at March 31, 2014. Options to purchase 41,204 shares of common stock at an exercise price of $13.95 per share were outstanding at March 31, 2013, but none were included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares at March 31, 2013.