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Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

 

 

Note 2: Earnings Per Share

Earnings per share were computed as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

2014

 

2013

 

 

Income

 

Weighted- Average Shares

 

 

Per-Share Amount

 

 

Income

 

Weighted- Average Shares

 

 

Per-Share Amount

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

Net income

$
1,963 

 
7,118,853 

 

 

 

 

$
1,976 

 
7,037,166 

 

 

 

Dividends and accretion on preferred stock

 

 -

 

 

 

 

 

 

 
(362)

 

 

 

 

 

Income available to common stockholders

 
1,963 

 
7,118,853 

 

$
0.28 

 

 
1,614 

 
7,037,166 

 

$
0.23 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 
234,191 

 

 

 

 

 

 

 
157,926 

 

 

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders and assumed conversions

$
1,963 

 
7,353,044 

 

$
0.27 

 

$
1,614 

 
7,195,092 

 

$
0.22 

 

 

Options to purchase 44,161 and 240,312 shares of common stock were outstanding at March 31, 2014 and 2013, respectively, but were not included in the computation of diluted EPS because the options’ exercise price was greater than the average market price of the common shares.