Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Schedule of dividends declared

The following table is a summary of dividends declared during the nine months ended September 30, 2015 and the nine months ended September 30, 2014.

Quarterly Dividend	Date Declared	Date of Record	Date Payable
$.13	March 26, 2015	April 7, 2015	April 30, 2015
$.13	June 25, 2015	July 6, 2015	July 31, 2015
$.13	September 24, 2015	October 5, 2015	October 30, 2015

Quarterly Dividend	Date Declared	Date of Record	Date Payable
$.13	March 27, 2014	April 8, 2014	April 30, 2014
$.13	June 26, 2014	July 7, 2014	July 31, 2014
$.13	September 25, 2014	October 8, 2014	October 31, 2014
Special $.10	September 25, 2014	October 8, 2014	October 31, 2014

Schedule of income per common share

Income per common share for the three and nine months ended September 30, 2015 and for the three and nine months ended September 30, 2014 was calculated as follows:

All shares have been adjusted to reflect a 10% stock dividend declared August 27, 2015.

	For The Three Months Ended September 30, 2015
	Income (Numerator)		Shares Weighted Average (Denominator)		Per Share Amount
Net income	$	1,198,919
Basic income available to common shareholders	$	1,198,919		4,915,610	$	.24
Effect of dilutive options				146,075
Diluted income available to common shareholders	$	1,198,919		5,061,685	$	.24

	For The Nine Months Ended September 30, 2015
	Income (Numerator)		Shares Weighted Average (Denominator)		Per Share Amount
Net income	$	3,657,316
Basic income available to common shareholders	$	3,657,316		4,911,142	$	.74
Effect of dilutive options				151,553
Diluted income available to common shareholders	$	3,657,316		5,062,695	$	.72

	For The Three Months Ended September 30, 2014
	Income (Numerator)		Shares Weighted Average (Denominator)		Per Share Amount
Net income	$	1,141,713
Basic income available to common shareholders	$	1,141,713		4,907,203	$	.23
Effect of dilutive options				112,879
Diluted income available to common shareholders	$	1,141,713		5,020,082	$	.23

	For The Nine Months Ended September 30, 2014
	Income (Numerator)		Shares Weighted Average (Denominator)		Per Share Amount
Net income	$	3,207,438
Basic income available to common shareholders	$	3,207,438		4,907,203	$	.65
Effect of dilutive options				112,702
Diluted income available to common shareholders	$	3,207,438		5,019,905	$	.64