5. PER SHARE INFORMATION

9 Months Ended

Sep. 30, 2013

Table Text Block [Abstract]

Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]

5. PER SHARE INFORMATION

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive. There are no adjustments to net income necessary in the calculation of basic and diluted earnings per share.

A reconciliation of the shares used in the basic and diluted income per common share computation for the three and nine months ended September 30, 2013 and 2012 is as follows:

	(Unaudited)				(Unaudited)
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Weighted average shares outstanding		7,516,448		7,503,568		7,516,354		7,503,469
Dilutive stock options		-		-		-		-
Dilutive weighted average shares outstanding		7,516,448		7,503,568		7,516,354		7,503,469
Anti-dilutive stock options/weighted average shares outstanding		8,413		10,000		8,908		11,204