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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

 

Note 2: Earnings Per Share

Earnings per share were computed as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

2015

 

2014

 

 

Income

 

Weighted- Average Shares

 

 

Per-Share Amount

 

 

Income

 

Weighted- Average Shares

 

 

Per-Share Amount

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

Net income

$
2,481 

 
7,313,725 

 

$
0.34 

 

$
2,020 

 
7,118,853 

 

$
0.28 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 -

 
194,968 

 

 

 

 

 

 -

 
234,191 

 

 

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available and assumed conversions

$
2,481 

 
7,508,693 

 

$
0.33 

 

$
2,020 

 
7,353,044 

 

$
0.27 

 

 

 

Options to purchase 37,161 and 44,161 shares of common stock were outstanding at March 31, 2015 and 2014, respectively, but were not included in the computation of diluted EPS because the options’ exercise price was greater than the average market price of the common shares.