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Note 5 - Earnings Per Share
6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
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,
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
Numerator for basic and diluted earnings per share - net income
  $ 2,098     $ 1,934     $ 4,363     $ 4,070  
Denominator for basic earnings per share - weighted average
shares outstanding
    3,383,109       3,333,018       3,376,445       3,327,384  
Effect of dilutive securities - employee stock options
    8,766       13,515       8,389       12,734  
Denominator for diluted earnings per share - adjusted weighted                                
average shares outstanding
    3,391,875       3,346,533       3,384,834       3,340,118  
Earnings per share - basic
  $ 0.62     $ 0.58     $ 1.29     $ 1.22  
Earnings per share - diluted
    0.62       0.58       1.29       1.22  
 
There were 41,350 stock options that were anti-dilutive for both the three and six-month periods ended June 30, 2016. There were 21,000 stock options that were anti-dilutive for both the three and six-month periods ended June 30, 2015. These stock options were not included in the above calculation.