Year ended December 31,

2014

2013

Numerator for basic and diluted earnings per share - net income

$

8,998

$

8,392

Denominator for basic earnings per share - weighted average shares outstanding

3,291,939

3,248,397

Effect of dilutive securities - employee stock options

10,635

11,678

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

3,302,574

3,260,075

Earnings per share - basic

$

2.73

$

2.58

Earnings per share - diluted

$

2.72

$

2.57