Income Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Income Per Share

(2) INCOME PER SHARE

The following schedule reconciles the numerators and denominators of the basic and diluted income per share (“IPS”) computations for the three month periods ended March 31, 2014, and March 31, 2013. Diluted common shares arise from the potentially dilutive effect of the Company’s stock options and warrants outstanding.

	March 31,
	2014		2013
Basic IPS:
Net income available to common stockholders	$	354,000	$	984,000
Average common shares outstanding		7,416,716		7,488,445
Net income per share available to common shareholders, basic	$	0.05	$	0.13
Diluted IPS
Net income available to common stockholders	$	354,000	$	984,000
Average common shares outstanding		7,416,716		7,488,445
Dilutive effect of stock options		—		—
Average diluted shares outstanding		7,416,716		7,488,445
Net income per share available to common shareholders, diluted	$	0.05	$	0.13