EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

Earnings per share have been computed based upon the weighted average common shares outstanding.

	Three Months Ended June 30, 2014							Three Months Ended June, 2013
	Income			Weighted Average Shares		Per Share Amount		Income		Weighted Average Shares		Per Share Amount
	(Unaudited; In Thousands, Except Share Amounts)
Basic earnings per share Income available to common stockholders		$	1,050		1,537,229	$	.68	$	1,097		1,526,042	$	.72
Effect of dilutive stock options					3,872						5,405
Diluted earnings per share Income available to common stockholders and assumed conversions		$	1,050		1,541,101	$	.68	$	1,097		1,531,447	$	.72

	Six Months Ended June 30, 2014							Six Months Ended June, 2013
	Income			Weighted Average Shares		Per Share Amount		Income		Weighted Average Shares		Per Share Amount
	(Unaudited; In Thousands, Except Share Amounts)
Basic earnings per share Income available to common stockholders		$	2,025		1,535,292	$	1.32	$	2,013		1,525,460	$	1.32
Effect of dilutive stock options					4,254						4,672
Diluted earnings per share Income available to common stockholders and assumed conversions		$	2,025		1,539,546	$	1.32	$	2,013		1,530,132	$	1.32

Net income for the three-month period ending June 30, 2014, of $1,141,000 was reduced by $91,000 for dividends on preferred stock in the same period, to arrive at income available to common stockholders of $1,050,000. For the three-month period ending June 30, 2013, net income of $1,188,000 was reduced by $91,000 for dividends on preferred stock in the same period, to arrive at income available to common stockholders of $1,097,000.

Net income for the six-month period ended June, 2014, of $2,206,000 was reduced by $181,000 for dividends on preferred stock in the same period, to arrive at income available to common stockholders of $2,025,000. For the six-month period ending June 30, 2013, net income of $2,194,000 was reduced by $181,000 for dividends on preferred stock in the same period, to arrive at income available to common stockholders of $2,013,000.