EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2013

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE  7 – EARNINGS PER SHARE

A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and nine months ended September 30, 2013 and 2012 is presented below:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Basic earnings per share
Income available to common stockholders	$	3,761	$	3,018	$	9,044	$	7,329
Weighted average common shares outstanding		8,015,954		7,937,814		7,986,719		7,937,368
Earnings per share	$	0.47	$	0.38	$	1.13	$	0.92
Diluted earnings per share
Income available to common stockholders	$	3,761	$	3,018	$	9,044	$	7,329
Weighted average common shares outstanding		8,015,954		7,937,814		7,986,719		7,937,368
Add dilutive effects of potential additional common stock		440,326		279,358		439,271		191,615
Weighted average common and dilutive potential common shares outstanding		8,456,280		8,217,172		8,425,990		8,128,983
Earnings per share assuming dilution	$	0.44	$	0.37	$	1.07	$	0.90

Stock options for 84,100 and 304,649 shares of common stock were not considered in computing diluted earnings per share for the nine months ended September 30, 2013 and 2012 because they were antidilutive.  Stock options for 84,100 and 180,699 shares of common stock were not considered in computing diluted earnings per share for the three months ended September 30, 2013 and 2012 because they were antidilutive.