5. PER SHARE INFORMATION

6 Months Ended

Jun. 30, 2015

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 months ended June 30, 2015 and 2014 is as follows:

	(Unaudited)				(Unaudited)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Weighted average shares outstanding		7,561,850		7,543,173		7,560,603		7,541,462
Dilutive restricted share units		11,719		2,146		9,370		1,409
Dilutive stock options		5,144		-		2,494		-
Dilutive weighted average shares outstanding		7,578,713		7,545,319		7,572,467		7,542,871

Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 77,428 and 40,250 for the three months ended June 30, 2015 and 2014, respectively. Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 82,374 and 44,336 for the six months ended June 30, 2015 and 2014, respectively.