Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 4: Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share 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, such as the Company's dilutive stock options.

The following is a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2013, and 2012:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2013		2012		2013		2012
Net income	$	3,170	$	3,105	$	6,386	$	6,268
Weighted average common shares outstanding
Basic		3,929,592	3,891,476			3,926,671	3,885,764
Effect of dilutive employee stock options		18,491		27,376		18,594		18,763
Diluted		3,948,083	3,918,852			3,945,265	3,904,527
Anti-dilutive options excluded from earnings per share calculation		48,500		9,000		48,500		14,000
Per Common Share Data:
Basic earnings per share	$	0.81	$	0.80	$	1.63	$	1.61
Diluted earnings per share	$	0.80	$	0.79	$	1.62	$	1.61