PER SHARE DATA

There are no convertible securities which would affect the denominator in calculating basic and dilutive earnings per share; therefore, net income as presented on the consolidated statement of income will be used as the numerator. The following table sets forth the composition of the weighted average common shares (denominator) used in the basic and dilutive per share computation.



	Year Ended December 31,
	2013		2012		2011
Weighted average common shares issued	4,591,222		4,018,347		4,016,632
Average treasury stock shares	(180,596	)	(180,596	)	(180,596	)
Weighted average common shares used to calculate basic and diluted earnings per share	4,410,626		3,837,751		3,836,036

No stock options were outstanding during 2013, 2012, or 2011.