Earnings Per Share

12 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Earnings Per Share

NOTE 18 - EARNINGS PER SHARE

A reconciliation of the numerator and denominator used in the basic and diluted earnings per share calculation is presented below:

	Year ended December 31
	2014		2013		2012
Basic Earnings Per Share
Net income numerator	$	846,361	$	603,668	$	1,953,728
Weighted average shares outstanding denominator		5,341,147		5,341,147		5,339,341
Per share amount	$	0.16	$	0.11	$	0.37
Diluted Earnings Per Share
Net income numerator	$	846,361	$	603,668	$	1,953,728
Weighted average shares outstanding		5,341,147		5,341,147		5,339,341
Effect of diluted securities		5,405		3,065		13,637
Diluted shares outstanding denominator		5,346,552		5,344,212		5,352,978
Per share amount	$	0.16	$	0.11	$	0.36