Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share

Earnings Per Share:

The computation of basic and diluted earnings per share is shown in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Basic EPS
Net income	$	2,351	$	1,868	$	4,542	$	3,873
Weighted average shares outstanding		18,780,980		18,747,138		18,780,041		18,770,961
Basic earnings per share	$	0.13	$	0.10	$	0.24	$	0.21
Diluted EPS
Net income	$	2,351	$	1,868	$	4,542	$	3,873
Weighted average shares out-standing for basic    earnings per share		18,780,980		18,747,138		18,780,041		18,770,961
Effect of stock options		0		0		0		0
Weighted average shares for diluted earnings per share		18,780,980		18,747,138		18,780,041		18,770,961
Diluted earnings per share	$	0.13	$	0.10	$	0.24	$	0.21

There were no outstanding stock options for the three and six month periods ended June 30, 2014.  Stock options for 5,000 shares of common stock that were outstanding during the three and six month periods ended June 30, 2013 were not considered in computing diluted earnings per share because they were antidilutive. The dilutive impact of the restricted stock units was not material to EPS.