Note 9 - Basic and Diluted Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Net income (numerator)	$	797,000	$	288,000	$	1,304,000	$	436,000
Shares (denominator):
Basic weighted average common shares outstanding		17,211,268		18,208,947		17,440,299		18,254,188
Add: dilutive effect of common stock options		-		99,859		-		134,040
Diluted weighted average common shares outstanding		17,211,268		18,308,806		17,440,299		18,388,228
Earnings per common share:
Basic	$	0.05	$	0.02	$	0.07	$	0.02
Diluted	$	0.05	$	0.02	$	0.07	$	0.02