3. Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

3. Schedule Of Earnings Per Share

The following tables illustrate the calculation of earnings per common share for the periods presented, as adjusted for the cash dividends declared on the preferred stock:

	For The Quarters Ended June 30,
	2014		2013
Net income, as reported	$	1,284,386	$	1,238,344
Less: dividends to preferred shareholders		20,312		20,312
Net income available to common shareholders	$	1,264,074	$	1,218,032
Weighted average number of common shares
used in calculating earnings per share		4,889,257		4,831,307
Earnings per common share	$	0.26	$	0.25

	For The Six Months Ended June 30,
	2014		2013
Net income, as reported	$	2,355,951	$	2,280,122
Less: dividends to preferred shareholders		40,625		40,625
Net income available to common shareholders	$	2,315,326	$	2,239,497
Weighted average number of common shares
used in calculating earnings per share		4,880,969		4,823,988
Earnings per common share	$	0.47	$	0.46