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5. PER SHARE INFORMATION
 9 Months Ended
Sep. 30, 2015
Table Text Block [Abstract]  
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]
5. PER SHARE INFORMATION

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive. There are no adjustments to net income necessary in the calculation of basic and diluted earnings per share.


A reconciliation of the shares used in the basic and diluted income per common share computation for the three and nine months ended September 30, 2015 and 2014 are as follows:


  (Unaudited)     (Unaudited)  
  Three Months Ended     Nine Months Ended  
  September 30,     September 30,  
    2015     2014     2015     2014  
Weighted average                        
shares outstanding     7,564,289       7,546,617       7,561,845       7,543,199  
                                 
Dilutive restricted share units     12,092       3,651       10,236       2,139  
Dilutive stock options     1,838       -       2,158       -  
                                 
Dilutive weighted average                                
shares outstanding     7,578,219       7,550,268       7,574,239       7,545,338  

Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 80,170 and 42,349 for the three months ended September 30, 2015 and 2014, respectively. Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 81,880 and 43,692 for the nine months ended September 30, 2015 and 2014, respectively.