Note 5 - Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2014		2013		2014		2013
Numerator for basic and diluted earnings per share - net income	$	2,172	$	1,894	$	4,468	$	4,302
Denominator for basic earnings per share - weighted average shares outstanding		3,285,052		3,243,867		3,280,532		3,238,020
Effect of dilutive securities - employee stock options		12,390		12,088		11,560		11,048
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		3,297,442		3,255,955		3,292,092		3,249,068
Earnings per share - basic	$	0.66	$	0.58	$	1.36	$	1.33
Earnings per share - diluted		0.66		0.58		1.36		1.32

There were 34,800 stock options that were anti-dilutive for both the three and six-month periods ended June 30, 2014. There were 49,800 stock options that were anti-dilutive for both the three and six-month periods ended June 30, 2013. These stock options were not included in the above calculation.