Note 6 - Income Per Common Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 6: Income Per Common Share

	For three months ended September 30, 2014						For nine months ended September 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	$	1,360,483		4,278,733	$	0.32	$	3,643,382		3,907,490	$	0.93
Effect of Dilutive Securities				66,301						70,814
Diluted Income Per Common Share	$	1,360,483		4,345,034	$	0.31	$	3,643,382		3,978,304	$	0.92

	For three months ended September 30, 2013						For nine months ended September 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	$	1,147,356		2,732,431	$	0.42	$	3,270,489		2,734,487	$	1.20
Effect of Dilutive Securities				87,377						78,072
Diluted Income Per Common Share	$	1,147,356		2,819,808	$	0.41	$	3,270,489		2,812,559	$	1.16

Stock options to purchase 131,500 of common stock were outstanding during the three and nine months ended September 30, 2014, respectively, and stock options to purchase 155,000 shares of common stock were outstanding during the three and nine months ended September 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.