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Per Share Data
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data
 
There are no convertible securities which would affect the denominator in calculating basic and dilutive earnings per share.  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 earnings per share computation.
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
Weighted average common shares issued
 
5,001,505

 
4,999,090

 
5,000,827

 
4,453,585

Average treasury stock shares
 
(181,159
)
 
(180,596
)
 
(180,786
)
 
(180,596
)
Weighted average common shares and common stock equivalents used to calculate basic and diluted earnings per share
 
4,820,346

 
4,818,494

 
4,820,041

 
4,272,989