Note 9 - Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

Note 9 – Earnings per Share

The calculation of basic and diluted weighted average common shares outstanding is as follows:

	2012		2011
Weighted average common shares outstanding basic earnings per share		6,007,326		5,450,565
Effect of potential common share issuance:
Stock options		124,911		179,342
Weighted average common shares outstanding
Diluted earnings per share		6,132,237		5,629,907

Outstanding options to purchase 200 shares were not included in the diluted earnings per share calculation at December 31, 2012, because the exercise price was higher than the average market price. At December 31, 2011 all outstanding options were included in the diluted earnings per share calculation.