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Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 2 – Earnings Per Share
 
Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share:
 
 
 
For the Three Months Ended
 
 
 
March 31,
 
(In thousands, except per share data)
 
2014
 
2013
 
Net income
 
$
1,258
 
$
222
 
Weighted average shares outstanding - Basic
 
 
8,471
 
 
8,458
 
Dilutive effect of common stock equivalents
 
 
13
 
 
-
 
Weighted average shares outstanding - Diluted
 
 
8,484
 
 
8,458
 
Earnings per common share - Basic
 
$
0.15
 
$
0.03
 
Earnings per common share - Diluted
 
$
0.15
 
$
0.03
 
 
There were no weighted average common stock equivalents excluded from the calculation of diluted earnings per share for the three months ended March 31, 2014. There were 54 thousand weighted average common stock equivalents excluded from the calculation of diluted earnings per share for the three months ended March 31, 2013 because the effect of including them would have been antidilutive.