Three Months Ended

Nine Months Ended

September 30,

2014

2013

2014

2013

Numerator:

Net income

$

1,628,562

$

1,561,832

$

5,248,459

$

4,777,506

Numerator for basic and diluted earnings per share

1,628,562

1,561,832

5,248,459

4,777,506

Denominator:

Weighted-average shares outstanding-basic

10,203,711

10,176,744

10,200,411

10,163,490

Effect of dilutive securities:

Stock options

36,294

44,768

38,133

41,858

Restricted stock

1,405

-

1,565

Dilutive potential common shares

37,699

44,768

39,698

41,858

Denominator for diluted earnings per share-weighted-average shares

10,241,410

10,221,512

10,240,109

10,205,348

Basic earnings per share

$

0.16

$

0.15

$

0.51

$

0.47

Diluted earnings per share

$

0.16

$

0.15

$

0.51

$

0.47