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Note 13 - Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
(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 period ended March 31, 2016 and 2015:
 
 
 
Three Months Ended
 
 
 
March 31
 
 
 
2016
 
  
2015
  
                 
Numerator
 
 
 
 
 
 
 
 
Net Income Available to Common Stockholders
 
$
1,656
 
   $ 1,253  
                 
Denominator
 
 
 
 
 
 
 
 
Weighted Average Number of Common Shares
Outstanding for Basic Earnings Per Common Share
 
 
8,439
 
     8,439  
                 
Dilutive Effect of Potential Common Stock
                
Restricted Stock
 
 
-
 
     -  
Stock Warrants
 
 
45
 
     -  
Weighted-Average Number of Shares Outstanding for
Diluted Earnings Per Common Share
 
 
8,484
 
     8,439  
                 
Earnings Per Share - Basic
 
$
0.20
 
   $ 0.15  
                 
Earnings Per Share - Diluted
 
$
0.20
 
   $ 0.15  
 
 
For the three months ended March 31, 2015, the Company 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.