Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share

Earnings Per Share:

The computation of basic and diluted earnings per share is shown in the following table:

	Three Months Ended March 31,
	2014		2013
Basic EPS
Net income	$	2,191	$	2,005
Weighted average shares outstanding		18,779,091		18,795,048
Basic earnings per share	$	0.12	$	0.11
Diluted EPS
Net income	$	2,191	$	2,005
Weighted average shares out-standing for basic earnings per share		18,779,091		18,795,048
Effect of Stock Options		0		0
Weighted average shares for diluted earnings per share		18,779,091		18,795,048
Diluted earnings per share	$	0.12	$	0.11

Stock options for 5,000 shares of common stock that were outstanding during the three month period ended March 31, 2013 were not considered in computing diluted earnings per share because they were antidilutive.