XML 45 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

Earnings per share are calculated as follows:

 
 
December 31,
 
 
2013
 
2012
Basic earnings per share
 
 
 
 
 
 
 
 
 
Income available to common shareholder
 
$
691,502

 
$
376,691

 
 
 
 
 
Weighted average shares outstanding
 
4,839,205

 
4,826,182

 
 
 
 
 
Basic earnings per share
 
$
0.14

 
$
0.08

 
 
 
 
 
Diluted earnings per share
 
 

 
 

 
 
 
 
 
Income available to common shareholder
 
$
691,502

 
$
376,691

 
 
 
 
 
Weighted average shares outstanding
 
4,839,205

 
4,826,182

Dilutive effect of stock options
 
41,248

 
41,293

 
 
 
 
 
Total weighted average shares outstanding
 
4,880,453

 
4,867,475

 
 
 
 
 
Diluted earnings per share
 
$
0.14

 
$
0.08

 
 
 
 
 


Outstanding options excluded from the diluted earnings per share calculation because they would have an anti-dilutive effect were 254,166 for the years ended December 31, 2013 and 2012.
.