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Net Income Per Common Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Net Income Per Common Share
NET INCOME PER COMMON SHARE

Basic earnings per common share exclude all dilutive stock options and are computed using the weighted average number of common shares outstanding during the period. The diluted earnings per common share calculation reflect the potential dilutive effect of securities that could share in earnings of an entity.  Outstanding options were excluded from the diluted earnings (loss) per share calculation because they would have an anti-dilutive effect were 254,166 for the six months ended June 30, 2013 and 2012.

 
Three Months Ended June 30,
 
2013
 
2012
Basic earnings (loss) per share
 
 
 
 
 
 
 
Income (loss) available to common shareholders
$
(222,915
)
 
423,537

 
 
 
 
Weighted average shares outstanding
4,829,380

 
4,826,182

 
 
 
 
Basic earnings (loss) per share
$
(0.05
)
 
$
0.09

 
 
 
 
Diluted earnings (loss) per share
 

 
 

 
 
 
 
Income (loss) available to common shareholders
$
(222,915
)
 
423,537

 
 
 
 
Weighted average shares outstanding
4,829,380

 
4,826,182

Dilutive effect of stock options
—

 
24,387

 
 
 
 
Total weighted average shares outstanding
4,829,380

 
4,850,569

 
 
 
 
Diluted earnings (loss) per share
$
(0.05
)
 
$
0.09





 
Six Months Ended June 30,
 
2013
 
2012
Basic earnings per share
 
 
 
 
 
 
 
Income available to common shareholders
86,156

 
296,162

 
 
 
 
Weighted average shares outstanding
4,827,790

 
4,826,182

 
 
 
 
Basic earnings per share
$
0.02

 
$
0.06

 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
 
Income available to common shareholders
86,156

 
296,162

 
 
 
 
Weighted average shares outstanding
4,827,790

 
4,826,182

    Dilutive effect of stock options
63,058

 
37,026

 
 
 
 
  Total weighted average shares outstanding
4,890,848

 
4,863,208

 
 
 
 
Diluted earnings per share
$
0.02

 
$
0.06