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Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 6. EARNINGS PER SHARE

Earnings per share for the three months ended March 31, 2014 and 2013 were as follows:

 

(In thousands, except per share data)    March 31,
2014		      March 31,
2013		  

Net income

    $ 1,978       $ 1,560   
  

 

 

     

 

 

  

Weighted average shares outstanding (basic)

      8,108         8,084   

Impact of common stock equivalents

      0         0   
  

 

 

     

 

 

  

Weighted average shares outstanding (diluted)

      8,108         8,084   
  

 

 

     

 

 

  

Per share information:

      

Basic earnings per share

    $ 0.24       $ 0.19   

Diluted earnings per share

      0.24         0.19   

Stock options amounting to 206,063 and 242,603 shares of common stock were not considered in computing diluted earnings per share for the three months ended March 31, 2014 and 2013, as their exercise would have been antidilutive since the exercise price exceeded the average market value.