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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

Note 2: Earnings Per Share

Earnings per share were computed as follows:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Three Months Ended March 31,



2016

 

2015



 

Net Income

 

Weighted- Average Shares

 

 

Per-Share Amount

 

 

Net Income

 

Weighted- Average Shares

 

 

Per-Share Amount

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 2,365 

 

 7,466,409 

 

$

 0.32 

 

$

 2,481 

 

 7,313,725 

 

$

 0.34 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 -

 

 149,471 

 

 

 

 

 

 -

 

 194,968 

 

 

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available and assumed conversions

$

 2,365 

 

 7,615,880 

 

$

 0.31 

 

$

 2,481 

 

 7,508,693 

 

$

 0.33 



Options to purchase 37,161 shares of common stock were outstanding at March 31, 2016 and 2015, respectively, but were not included in the computation of diluted EPS because the options’ exercise prices  were greater than the average market price of the common shares.