Year ended December 31,

2013

2012

Numerator for basic and diluted earnings per share - net income

$

8,392

$

9,175

Denominator for basic earnings per share - weighted average shares outstanding

3,248,397

3,197,204

Effect of dilutive securities - employee stock options

11,678

12,653

Denominator for diluted earnings per share - adjusted weighted average shares outstanding

3,260,075

3,209,857

Earnings per share - basic

$

2.58

$

2.87

Earnings per share - diluted

$

2.57

$

2.86