EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2014

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 six months ended June 30, 2014 and 2013 is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Basic earnings per share
Income available to common stockholders	$	2,935	$	2,944	$	6,440	$	5,283
Weighted average common shares outstanding		8,079,629		7,980,923		8,061,522		7,971,859
Earnings per share	$	0.36	$	0.37	$	0.80	$	0.66
Diluted earnings per share
Income available to common stockholders	$	2,935	$	2,944	$	6,440	$	5,283
Weighted average common shares outstanding		8,079,629		7,980,923		8,061,522		7,971,859
Add dilutive effects of potential additional common stock		502,839		451,072		504,519		439,194
Weighted average common and dilutive potential common shares outstanding		8,582,468		8,431,995		8,566,041		8,411,053
Earnings per share assuming dilution	$	0.34	$	0.35	$	0.75	$	0.63

Stock options for 23,500 and 84,100 shares of common stock were not considered in computing diluted earnings per share for the six months ended June 30, 2014 and 2013 because they were antidilutive.  Stock options for 23,500 and 84,100 shares of common stock were not considered in computing diluted earnings per share for the three months ended June 30, 2014 and 2013 because they were antidilutive.