Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings per Share [Abstract]

Computation of earnings per share

The following table sets forth the computation of earnings per share.

	Three months ended
	March 31,
	2016		2015
Net income applicable to common stock	$	3,283,000	$	3,120,000
Basic earnings per share computation
Weighted average common shares outstanding		3,323,949		3,026,265
Earnings per share - basic	$	0.99	$	1.03
Diluted earnings per share computation
Weighted average common shares outstanding for basic earnings per share		3,323,949		3,026,265
Add: Dilutive effects of restricted stock		-		-
Weighted average common shares outstanding for dilutive earnings per share		3,323,949		3,026,265
Earnings per share - diluted	$	0.99	$	1.03