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Earnings per share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings per share

3. Earnings per share:

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options, and are determined using the treasury stock method.

There were no shares considered anti-dilutive for the three and six month periods ended June 30, 2014 and 2013.

 

     2014      2013  

For the three months ended June 30

    Basic      Diluted      Basic      Diluted  

Net Income (Numerator)

    $ 3,331       $ 3,331       $ 2,844       $ 2,844   

Average common shares outstanding (Denominator)

      7,548,358         7,570,883         4,467,261         4,467,261   

Earnings per share

    $ 0.44       $ 0.44       $ 0.64       $ 0.64   

 

     2014      2013  

For the six months ended June 30

    Basic      Diluted      Basic      Diluted  

Net Income (Numerator)

    $ 8,029       $ 8,029       $ 5,365       $ 5,365   

Average common shares outstanding (Denominator)

      7,549,300         7,575,655         4,467,261         4,467,261   

Earnings per share

    $ 1.06       $ 1.06       $ 1.20       $ 1.20