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

9 Months Ended

Sep. 30, 2016

Notes Tables

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

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Net income (numerator)	$	1,019,000	$	306,000	$	2,323,000	$	741,000
Shares (denominator):
Basic weighted average common shares outstanding		16,695,059		18,276,616		17,190,073		18,261,747
Add: dilutive effect of common stock options		11,473		22,663		-		97,978
Diluted weighted average common shares outstanding		16,706,532		18,299,279		17,190,073		18,359,725
Earnings per common share:
Basic	$	0.06	$	0.02	$	0.14	$	0.04
Diluted	$	0.06	$	0.02	$	0.14	$	0.04