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Note 6 - Income Per Common Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 6: Income Per Common Share


   

For three months ended June 30, 2014

   

For six months ended June 30, 2014

 
   

Income Available to Common Shareholders

   

Common Shares Outstanding

   

Per Common Share

   

Income Available to Common Shareholders

   

Common Shares Outstanding

   

Per Common Share

 

Basic Income Per Common Share

  $ 1,227,683       4,265,050     $ 0.29     $ 2,282,899       3,718,791     $ 0.61  

Effect of Dilutive Securities

            72,430                       72,988          

Diluted Income Per Common Share

  $ 1,227,683       4,337,480     $ 0.28     $ 2,282,899       3,791,779     $ 0.60  

   

For three months ended June 30, 2013

   

For six months ended June 30, 2013

 
   

Income Available to Common Shareholders

   

Average Common Shares Outstanding

   

Per Common Share

   

Income Available to Common Shareholders

   

Average Common Shares Outstanding

   

Per Common Share

 

Basic Income Per Common Share

  $ 1,369,110       2,731,727     $ 0.50     $ 2,123,133       2,735,533     $ 0.78  

Effect of Dilutive Securities

            75,197                       72,214          

Diluted Income Per Common Share

  $ 1,369,110       2,806,924     $ 0.49     $ 2,123,133       2,807,747     $ 0.76  

Stock options to purchase 136,500 of common stock were outstanding during the three and six months ended June 30, 2014, respectively, and stock options to purchase 197,500 shares of common stock were outstanding during the three and six months ended June 30, 2013, respectively, but were not included in the computation of diluted income per common share because their exercise prices were greater than the average market price of the common shares.