Earnings Per Share and Capital Transactions

3 Months Ended

Mar. 31, 2014

Earnings Per Share and Capital Transactions

6.) Earnings Per Share and Capital Transactions:

The Company currently maintains a simple capital structure; therefore, there are no dilutive effects to earnings per share. The following table sets forth the computation of earnings per common share. Earnings per share is computed by dividing net income by the weighted average number of shares outstanding during the applicable period.

	THREE MONTHS ENDED
	March 31,
	2014		2013
Net income (amounts in thousands)	$	1,332	$	830
Weighted average common shares outstanding		4,527,182		4,525,830
Earnings per share	$	0.29	$	0.18