Note 5 - Earnings Per Share

3 Months Ended

Mar. 31, 2014

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 March 31,	2014		2013
Numerator for basic and diluted earnings per share - net income	$	2,296	$	2,408
Denominator for basic earnings per share - weighted average shares outstanding		3,275,961		3,232,109
Effect of dilutive securities - employee stock options		11,108		9,919
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		3,287,069		3,242,028
Earnings per share - basic	$	0.70	$	0.75
Earnings per share - diluted	$	0.70	$	0.74

There were 69,800 and 52,300 stock options that were anti-dilutive for the three-month periods ended March 31, 2014 and 2013, respectively. These stock options were not included in the above calculation.