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Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

Note 8 Earnings Per Share

The following table sets forth the computation for EPS:

 

                 
    Three Months Ended March 31,  
    2013     2012  

Net income

   $ 5,330,733     $ 4,611,353  

Weighted average number of outstanding shares

     3,197,476       3,030,834  

Earnings per share

   $ 1.67     $ 1.52  
   

 

 

    

 

 

  

For the periods presented, the Company has unvested stock-based payment awards that contain nonforfeitable rights to dividends and are included in the computation of basic EPS above as participating shares. For the periods presented, the Company does not have dilutive securities outstanding.