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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Computation of Basic and Diluted 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