Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

4.  Earnings Per Share

Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:

(Amounts, except shares and earnings per share, in thousands)
	Three Months		Three Months
	Ended		Ended
	September 30, 2013		September 30, 2012
Net income	$	1,019	$	1,132
Weighted-average common shares outstanding		4,208		4,235
Basic earnings per share	$	0.24	$	0.27
Weighted-average common shares outstanding		4,208		4,235
Common stock equivalents due to effect of stock options		1		1
Total weighted-average common shares and equivalents		4,209		4,236
Diluted earnings per share	$	0.24	$	0.27
	Nine Months		Nine Months
	Ended		Ended
	September 30, 2013		September 30, 2012
Net income	$	3,034	$	2,765
Weighted-average common shares outstanding		4,215		4,232
Basic earnings per share	$	0.72	$	0.65
Weighted-average common shares outstanding		4,215		4,232
Common stock equivalents due to effect of stock options		1		2
Total weighted-average common shares and equivalents		4,216		4,234
Diluted earnings per share	$	0.72	$	0.65