Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

(13) Earnings Per Share

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period.  Diluted earnings per share reflects the potential dilution of restricted stock and common stock warrants.  Net income available to common stockholders represents net income after preferred stock dividends.  The following table presents earnings per share for the three month and nine month period ended September 30, 2014 and 2013:

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2014		2013		2014		2013
Numerator
Net Income Available to Common Stockholders	$	1,384	$	701	$	3,533	$	1,879
Denominator
Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share		8,439		8,439		8,439		8,439
Dilutive Effect of Potential Common Stock
Restricted Stock		-		-		-		-
Stock Warrants		-		-		-		-
Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share		8,439		8,439		8,439		8,439
Earnings Per Share - Basic	$	0.16	$	0.08	$	0.42	$	0.22
Earnings Per Share - Diluted	$	0.16	$	0.08	$	0.42	$	0.22

For the nine months ended September 30, 2014 and 2013, respectively, the Company has excluded 500 shares of common stock equivalents because the strike price of the common stock equivalents would cause them to have an anti-dilutive effect.