Note 5 - Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Numerator for basic and diluted earnings per share - net income	$	2,128	$	2,074	$	6,430	$	7,050
Denominator for basic earnings per share - weighted average shares outstanding		3,253,939		3,202,104		3,243,385		3,191,226
Effect of dilutive securities - employee stock options		12,542		13,572		11,543		13,605
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		3,266,481		3,215,676		3,254,928		3,204,831
Earnings per share - basic	$	0.65	$	0.65	$	1.98	$	2.21
Earnings per share - diluted	$	0.65	$	0.64	$	1.98	$	2.20

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