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Earnings per Share (Tables) | 3 Months Ended
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Mar. 31, 2015
Earnings per Share [Abstract] |
Computation of earnings per share | The following table sets forth the computation of earnings per share. Earnings per share calculations give retroactive effect to stock dividends declared by the Company.
| Three Months Ended
| March 31,
| 2015 | 2014
Net income applicable to common stock | $3,120,000 | $3,176,000
Basic earnings per share computation |  |
Weighted average common shares outstanding | 3,026,265 | 3,041,923
Earnings per share - basic | $1.03 | $1.04
Diluted earnings per share computation |  |
Weighted average common shares outstanding for basic earnings per share | 3,026,265 | 3,041,923
Add: Dilutive effects of restricted stock | - | 194
Weighted average common shares outstanding for dilutive earnings per share | 3,026,265 | 3,042,117
Earnings per share - dilutive | $1.03 | $1.04

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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