Note 5 - Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. EARNINGS PER SHARE

The following sets forth the computation of basic and diluted earnings per share:

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Numerator for basic and diluted earnings per share - net income	$	1,894	$	2,505	$	4,302	$	4,976
Denominator for basic earnings per share - weighted average shares outstanding		3,243,867		3,190,552		3,238,020		3,185,728
Effect of dilutive securities - employee stock options		12,088		17,774		11,048		14,865
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		3,255,955		3,208,326		3,249,068		3,200,593
Earnings per share - basic	$	0.58	$	0.79	$	1.33	$	1.56
Earnings per share - diluted	$	0.58	$	0.78	$	1.32	$	1.55

There were 49,800 stock options that were anti-dilutive for both the three and six-month periods ended June 30, 2013. There were 52,300 stock options that were anti-dilutive for both the three and six-month periods ended June 30, 2012. These stock options were not included in the above calculation.