Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 11 – Earnings Per Share

The following shows the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of potentially dilutive common stock.  Potentially dilutive common stock had no effect on income available to common shareholders.

	Three Months Ended
	September 30,
	2014					2013
	Shares		Per Share Amount			Shares		Per Share Amount
Basic		7,841,078		$	0.40		7,877,901		$	0.54
Effect of dilutive securities - stock options		10,657			-		14,114			-
Diluted		7,851,735		$	0.40		7,892,015		$	0.54

	Nine Months Ended
	September 30,
	2014					2013
	Shares		Per Share Amount			Shares		Per Share Amount
Basic		7,871,016		$	1.25		7,867,835		$	1.60
Effect of dilutive securities - stock options		10,425			-		11,126			-
Diluted		7,881,441		$	1.25		7,878,961		$	1.60

Stock options on common stock which were not included in computing diluted earnings per share for the nine month periods ended September 30, 2014 and 2013, because their effects were antidilutive, averaged 120,277 and 182,620 shares, respectively.