EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE  7 – EARNINGS PER SHARE

A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three months ended   March 31, 2014 and 2013 is presented below:

	Three Months Ended March 31,
	2014		2013
Basic earnings per share
Income available to common stockholders	$	3,505	$	2,339
Weighted average common shares outstanding		8,043,213		7,962,693
Earnings per share	$	0.44	$	0.29
Diluted earnings per share
Income available to common stockholders	$	3,505	$	2,339
Weighted average common shares outstanding		8,043,213		7,962,693
Add dilutive effects of potential additional common stock		506,963		432,207
Weighted average common and dilutive potential common shares outstanding		8,550,156		8,394,900
Earnings per share assuming dilution	$	0.41	$	0.28

Stock options for 69,800 and 111,933 shares of common stock were not considered in computing diluted earnings per share for the three months ended March 31, 2014 and 2013 because they were antidilutive.