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Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30,      Six Months Ended June 30,  
     2013      2012      2013      2012  

Net income

    $ 4,711,545       $ 3,328,097       $ 10,042,277       $ 7,939,450   

Weighted average number of outstanding shares

      3,248,197         3,101,170         3,222,977         3,066,002   

Earnings per share

    $ 1.45       $ 1.07       $ 3.12       $ 2.59   
  

 

 

     

 

 

     

 

 

     

 

 

  

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