8. Stockholders' Equity

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

NOTE 8 - Stockholders' Equity

The changes in consolidated stockholders’ equity for the nine months ended September 30, 2016 are as follows:

	Common Stock Shares		Common Stock Amount		Additional Paid-In Capital		Retained Earnings			Accumulated Other Comprehensive Income		Treasury Stock			Total
Balance at January 1, 2016		13,730,562	$	8,238	$	24,926	$	1,259		$	397	$	−		$	34,820
Common stock option exercised and issued		24,187		15		15		−			−		−			30
Share-based compensation expense		−		−		42		−			−		−			42
Realized tax benefit from stock option exercise		−		−		393		−			−		−			393
Dividends paid		−		−		−		(2,472	)		−		−			(2,472	)
Net income		−		−		−		2,597			−		−			2,597
Unrealized gain on available- for-sales securities, net of tax		−		−		−		−			1,664		−			1,664
Repurchase of common stock		−		−		−		−			−		(83	)		(83	)
Balance at September 30, 2016		13,754,749	$	8,253	$	25,376	$	1,384		$	2,061	$	(83	)	$	36,991