Note 6 - Income Per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

Note 6: Income Per Common Share

	For three months ended March 31, 2013
	Income Available to Common Stockholders		Average Common Shares Outstanding		Per Common Share
Basic Income per Common Share	$	754,023		2,739,351	$	0.28
Effect of Dilutive Securities				227,977
Diluted Income per Common Share	$	754,023		2,967,328	$	0.25

	For three months ended March 31, 2012
	Income Available to Common Stockholders		Average Common Shares Outstanding		Per Common Share
Basic Income per Common Share	$	553,331		2,707,192	$	0.20
Effect of Dilutive Securities				124,147
Diluted Income per Common Share	$	553,331		2,831,339	$	0.20

Stock options to purchase 200,500 and 211,500 shares of common stock were outstanding during the three months ended March 31, 2013 and 2012, respectively, but were not included in the computation of diluted income per common share because their exercise price was greater than the average market price of the common shares.