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