EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2015

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 7 - EARNINGS PER SHARE

Earnings per common share (EPS) were computed as follows:

	March 31, 2015					March 31, 2014
For the three months ended:	Net Income		Weighted Average Shares	Per Share Amount		Net Income		Weighted Average Shares	Per Share Amount
Basic earnings per common share:
Net income available to common shareholders	$	7,663	21,690,495	$	0.35	$	6,225	20,433,279	$	0.30
Effect of dilutive warrants			130,274					65,989
Effect of dilutive stock options			94,665					65,665
Net income available to common shareholders and assumed conversions	$	7,663	21,915,434	$	0.35	$	6,225	20,564,933	$	0.30

Stock options for 26,994 common shares in 2015 and stock options for 229,954 common shares in 2014 were not considered in computing diluted earnings per share because they were antidilutive.