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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
6.  Earnings Per Common Share
 
The following table sets forth the computation of basic and diluted earnings per common share:
 
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Numerator for basic and diluted earnings per common share – Net income
 
$
6,563
 
$
5,689
 
$
13,164
 
$
10,868
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per common share – weighted average common shares, including participating securities
 
 
9,268
 
 
9,607
 
 
9,251
 
 
9,644
 
Effect of warrants
 
 
-
 
 
350
 
 
147
 
 
345
 
Effect of employee stock options and restricted share activity
 
 
81
 
 
109
 
 
85
 
 
107
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for diluted earnings per common share share
 
 
9,349
 
 
10,066
 
 
9,483
 
 
10,096
 
Basic earnings per common share
 
$
0.71
 
$
0.59
 
$
1.42
 
$
1.13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share
 
$
0.70
 
$
0.57
 
$
1.39
 
$
1.08
 
 
There were 6,750 and 16,750 shares under option granted to employees excluded from the diluted earnings per common share calculation as they were anti-dilutive for the three and six months ended June 30, 2015, respectively. There were 1,000 and 35,000 shares under options granted to employees excluded from the diluted earnings per common share calculation as they were anti-dilutive for the three and six months ended June 30, 2014, respectively.