Note 11 - Earnings per Common Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 11. Earnings per Common Share

The following tables show the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of diluted potential common stock. Potential dilutive common stock had no effect on income available to common shareholders.

	For the Years Ended December 31,
	2013							2012
Dollars In Thousands, except share and per share data	Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount			Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount
Earnings per common share, basic		3,269,063	$	1,741	$	0.53			3,259,424	$	3,987	$	1.22
Series C Preferred Stock Dividends				390							-
Effect of dilutive securities:
Convertible preferred stock		1,147,616				(0.05	)		-		-		-
Earnings per common share, diluted		4,416,679	$	2,131	$	0.48			3,259,424	$	3,987	$	1.22

At December 31, 2013 and 2012, stock options to purchase 391,710 and 459,690 shares, respectively, were outstanding. These options were not included in the calculation of diluted weighted average shares as their impact would be antidilutive.