XML 49 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
(23)
Earnings Per Share

Basic earnings per share is computed by dividing net income (loss) 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 (loss) after preferred stock dividends.  The following table presents earnings per share for the years ended December 31, 2014, 2013 and 2012:

  
2014
  
2013
  
2012
 
       
Numerator
      
Net Income (Loss) Available to Common Stockholders
 
$
4,843,021
  
$
3,120,284
  
$
1,205,913
 
             
Denominator
            
Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share
  
8,439,258
   
8,439,258
   
8,439,258
 
Dilutive Effect of Potential Common Stock
            
Restricted Stock
  
-
   
-
   
-
 
Stock Warrants
  
-
   
-
   
-
 
Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share
  
8,439,258
   
8,439,258
   
8,439,258
 
             
Earnings (Loss) Per Share - Basic
 
$
0.57
  
$
0.37
  
$
0.14
 
             
Earnings (Loss) Per Share - Diluted
 
$
0.57
  
$
0.37
  
$
0.14
 

For the years ended December 31, 2014, 2013 and 2012, respectively, the Company has excluded 500,000 shares of common stock equivalents because the strike price of the common stock equivalents would cause them to have an anti-dilutive effect.