Earnings Per Share and Capital Transactions (Tables)

6 Months Ended

Jun. 30, 2014

Computation of Basic Earnings Per Common Share

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				SIX MONTHS ENDED
	June 30,				June 30,
	2014		2013		2014		2013
Net income (amounts in thousands)	$	1,039	$	799	$	2,371	$	1,629
Weighted average common shares outstanding		4,527,848		4,527,847		4,527,848		4,526,844
Earnings per share	$	0.23	$	0.18	$	0.52	$	0.36