Net Income Per Common Share

9 Months Ended

Sep. 30, 2014

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 per share calculation because they would have an anti-dilutive effect were 254,166 for the three and nine months ended September 30, 2014 and 254,166 for the three and nine months ended September 30, 2013.

	Three Months Ended September, 30
	2014		2013
Basic earnings per share
Income available to common shareholders	$	112,490	$	271,909
Weighted average shares outstanding	4,881,548		4,841,208
Basic earnings per share	$	0.02	$	0.06
Diluted earnings per share
Income available to common shareholders	$	112,490	$	271,909
Weighted average shares outstanding	4,881,548		4,841,208
Dilutive effect of stock options	43,516		64,865
Total weighted average shares outstanding	4,925,064		4,906,073
Diluted earnings per share	$	0.02	$	0.06

	Nine Months Ended September 30,
	2014			2013
Basic earnings (loss) per share
Income (loss) available to common shareholders	$	(186,065	)	$	358,065
Weighted average shares outstanding	4,881,548			4,834,305
Basic earnings (loss) per share	$	(0.04	)	$	0.07
Diluted earnings (loss) per share
Income (loss) available to common shareholders	$	(186,065	)	$	358,065
Weighted average shares outstanding	4,881,548			4,834,305
Dilutive effect of stock options	—			64,865
Total weighted average shares outstanding	4,881,548			4,899,170
Diluted earnings (loss) per share	$	(0.04	)	$	0.07