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Earnings Per Share
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share


The following table shows the weighted average number of common shares used in computing earnings per share and the effect on the weighted average number of shares of potential dilutive common stock.  Potential dilutive common stock has no effect on income available to common shareholders.
 
Three months ended
 
June 30, 2013
 
June 30, 2012
 
Shares
 
Per share
Amount
 
Shares
 
Per share
Amount
Basic earnings per share
7,072,587

 
$
0.30

 
7,030,639

 
$
0.25

Effect of dilutive securities:
 

 
 

 
 

 
 

stock options and grants
30,083

 
(0.01
)
 
11,473

 

Diluted earnings per share
7,102,670

 
$
0.29

 
7,042,112

 
$
0.25

 
 
 
 
 
 
 
 
 
Six months ended
 
June 30, 2013
 
June 30, 2012
 
Weighted Average Shares
 
Per share Amount
 
Weighted Average Shares
 
Per share Amount
Basic earnings per share
7,066,279

 
$
0.48

 
7,017,629

 
$
0.48

Effect of dilutive securities:
 

 
 

 
 

 
 

stock options and grants
30,226

 

 
7,122

 
$

Diluted earnings per share
7,096,505

 
$
0.48

 
7,024,751

 
$
0.48



At June 30, 2013 and 2012, stock options, restricted grants and warrants representing approximately 6,000 and 33,000 shares, respectively, were not included in the calculation of earnings per share because they would have been anti-dilutive.