XML 58 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Common Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table details the computation of basic and diluted earnings per share for the years ended December 31, 2014 and 2013:

  
2014
  
2013
 
     
Net income
 
$
3,443,569
  
$
2,889,351
 
Convertible preferred stock dividends (Series A and D)
  
(183,423
)
  
(183,423
)
Net income available to common shareholders
 
$
3,260,146
  
$
2,705,928
 
Weighted average common shares outstanding
  
3,544,057
   
3,542,984
 
         
Effect of dilutive securities:
        
Options
  
1,916
   
-
 
Convertible preferred stock (Series A and D)
  
633,935
   
633,935
 
Weighted average common shares outstanding, diluted
  
4,179,908
   
4,176,919
 
         
Basic earnings per common share
 
$
0.92
  
$
0.76
 
Diluted earnings per common share
 
$
0.82
  
$
0.69