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Acquisition (Tables)
9 Months Ended
Sep. 30, 2014
Acquisition  
Schedule of purchase price allocation based on the total purchase consideration and the estimate of the assets acquired and the liabilities assumed

 

Total Purchase Consideration

 

$

7,400 

 

 

 

 

 

Assets Acquired and Liabilities Assumed:

 

 

 

Land

 

800 

 

Buildings

 

5,500 

 

Property & Equipment

 

1,100 

 

Total Tangible Assets and Liabilities

 

$

7,400 

 

 

Schedule of unaudited proforma results of operation

 

 

 

Nine Months Ended September 30,

 

Three Months Ended September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

In thousands (000) except share and per share information

 

(unaudited)

 

(unaudited)

 

(unaudited)

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

REVENUES

 

$

30,176 

 

$

27,849 

 

$

10,351 

 

$

9,411 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME

 

$

2,405 

 

$

1,592 

 

$

1,063 

 

$

768 

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:

 

 

 

 

 

 

 

 

 

Basic

 

8,811,991 

 

8,826,375 

 

8,816,571 

 

8,825,335 

 

Diluted

 

9,116,988 

 

9,052,827 

 

9,124,206 

 

9,051,787 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS PER COMMON SHARE:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.27 

 

$

0.18 

 

$

0.12 

 

$

0.09 

 

Diluted

 

$

0.26 

 

$

0.18 

 

$

0.12 

 

$

0.08