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Earnings per share
 9 Months Ended
Sep. 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 nine month periods ended September 30, 2014 and 2013.

 

     2014      2013  

For the three months ended September 30

    Basic      Diluted      Basic      Diluted  

Net Income (Numerator)

    $ 5,236       $ 5,236       $ 2,486       $ 2,486   

Average common shares outstanding (Denominator)

      7,548,358         7,548,358         4,473,846         4,473,846   

Earnings per share

    $ 0.70       $ 0.70       $ 0.56       $ 0.56   
     2014      2013  

For the nine months ended September 30

    Basic      Diluted      Basic      Diluted  

Net Income (Numerator)

    $ 13,265       $ 13,265       $ 7,851       $ 7,851   

Average common shares outstanding (Denominator)

      7,548,983         7,566,456         4,469,480         4,469,480   

Earnings per share

    $ 1.76       $ 1.76       $ 1.76       $ 1.76