Earnings Per Share

6 Months Ended

Jun. 30, 2013

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 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
	June 30,
	2013					2012
			Per					Per
			Share					Share
	Shares		Amount			Shares		Amount
Basic		7,867,222	$	0.54			7,832,162	$	0.55
Effect of dilutive securities - stock options		9,747		(0.01	)		16,980		(0.01	)
Diluted		7,876,969	$	0.53			7,849,142	$	0.54

	Six Months Ended
	June 30,
	2013				2012
			Per				Per
			Share				Share
	Shares		Amount		Shares		Amount
Basic		7,862,719	$	1.06		7,827,195	$	1.08
Effect of dilutive securities - stock options		9,632		-		12,169		-
Diluted		7,872,351	$	1.06		7,839,364	$	1.08

Stock options on common stock which were not included in computing diluted earnings per share for the six month periods ended June 30, 2013 and 2012, because their effects were antidilutive, averaged 182,620 and 196,394 shares, respectively.