Three Months Ended

Six Months Ended

June 30,

2014

2013

2014

2013

Numerator:

Net income

$

1,765,485

$

1,629,353

$

3,619,897

$

3,215,674

Numerator for basic and diluted earnings per share

1,765,485

1,629,353

3,619,897

3,215,674

Denominator:

Weighted-average shares outstanding-basic

10,198,733

10,167,649

10,198,733

10,165,060

Effect of dilutive securities:

Stock options

39,376

48,886

39,067

40,379

Restricted stock

1,714

-

1,647

-

Dilutive potential common shares

41,090

48,886

40,714

40,379

Denominator for diluted earnings per share-weighted-average shares

10,239,823

10,216,535

10,239,447

10,205,439

Basic earnings per share

$

0.17

$

0.16

$

0.35

$

0.32

Diluted earnings per share

$

0.17

$

0.16

$

0.35

$

0.32