Earnings Per Common Share

3 Months Ended

Mar. 31, 2014

Note 10.

Earnings per Common Share

Basic earnings per common share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects 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. There are no potential common shares that would have a dilutive effect. The average number of common shares outstanding used to calculate basic and diluted earnings per common share were 4,901,464 for the three months ended March 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for earnings per share.

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