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Net Income per Common Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Income per Common Share
Net Income per Common Share
Net income per common share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed similarly but includes the effect of the assumed exercise of dilutive stock options and restricted stock under the treasury stock method.
The computation of basic and diluted net income per common share is as follows:

 
Three Months Ended
 
March 31,
 
2015
 
2014
Net income
$
3,196,000

 
$
2,120,000

 
 
 
 
Weighted average common shares outstanding — basic
7,561,000

 
7,415,000

Effect of dilutive securities
46,000

 
53,000

Weighted average common and potentially issuable common shares outstanding — diluted
7,607,000

 
7,468,000

 
 
 
 
Basic net income per common share
$
0.42

 
$
0.29

Diluted net income per common share
$
0.42

 
$
0.28


There were no unexercised stock options as of March 31, 2015, and all unexercised stock options were included in diluted earnings per share for the three months ended March 31, 2014.