Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings per Share [Abstract]

Computation of earnings per share

The following table sets forth the computation of earnings per share.  Earnings per share calculations give retroactive effect to stock dividends declared by the Company.

	Three months ended				Six months ended
	June 30,				June 30,
	2014		2013		2014		2013
Net income applicable to common stock	$	3,365,000	$	3,280,000	$	6,541,000	$	6,567,000
Basic earnings per share computation
Weighted average common shares outstanding		3,039,734		3,060,998		3,040,822		3,062,210
Earnings per share - basic	$	1.11	$	1.07	$	2.15	$	2.14
Diluted earnings per share computation
Weighted average common shares outstanding for basic earnings per share		3,039,734		3,060,998		3,040,822		3,062,210
Add: Dilutive effects of restricted stock		927		1,578		405		781
Weighted average common shares outstanding for dilutive earnings per share		3,040,661		3,062,576		3,041,227		3,062,991
Earnings per share - diluted	$	1.11	$	1.07	$	2.15	$	2.14